Financial Statements for the Year Ended 30 June 2016

Abstract

[evdate 2016-06-30] 財務報表 FINANCIAL STATEMENTS 截至2016年6月30日止年度 For the Year Ended 30 June 2016 司庫報告 …………………………………………………………………………………………………………1.. - 3 Treasurer's Report 獨立核數師報告…………………………………………………………………………………………….. 4 - 5 Independent Auditor's Report …………………………………………………………………………………………….. 6 - 7 Consolidated Statement of Comprehensive Income 綜合資產負債表…………………………………………………………………………………………….. 8 - 9 Consolidated Balance Sheet 綜合資金變動表……………………………………………………………………………………………..10 - 11 Consolidated Statement of Changes in Fund Balances 綜合現金流動表……………………………………………………………………………………………..12 - 13 Consolidated Statement of Cash Flows 綜合財務報表附註……………………………………………………………………………………………..14 - 60 Notes to the Consolidated Financial Statements 1. 一般資料General Information 2. 編製基準Basis of Preparation 3. 分部收入及支出Income and Expenditure by Segment 3.1 政府資助及撥款Government Subventions and Grants 3.2 利息及投資收入Interest and Investment Income 3.3 輔助服務及其他收入Auxiliary Services and Other Income 3.4 開支Expenditure 4. 高收入員工薪酬Remuneration of Higher Paid Staff 5. 稅項Taxation 6. 物業、機器及設備Property, Plant and Equipment 7. 無形資產Intangible Assets 8. 財務資產Financial Assets 9. 於聯營公司權益Interest in an Associate 10. 於合資企業權益Interest in a Joint Venture 11. 應收賬款及預付款項Accounts Receivable and Prepayments 12. 現金及等同現金Cash and Cash Equivalents 13. 應付賬款及應計費用Accounts Payable and Accruals 14. 教職員福利撥備Provision for Staff Benefits 15. 遞延收益Deferred Income 16. 遞延資本基金Deferred Capital Funds 17. 教資會基金、限制性基金及其他基金UGC Funds, Restricted Funds and Other Funds 18. 承諾捐款 19. 財務風險管理Financial Risk Management 20. 承擔Commitments 21. 大學校董會成員及校董會委員會成員University Council and Council Committees 於重要合約之權益及關聯方交易Members' Interests in Contracts of Significance and Related Party Transactions 22. 附屬公司 23. 主要會計估計及判斷Critical Accounting Estimates and Judgements 24. 主要會計政策Principal Accounting Policies 25. 已公佈但尚未生效的新準則、詮釋和Possible Impact of new Standards, interpretations and 修訂的潛在影響amendments published that are not yet effective Pledged Donations Subsidiaries 目錄 CONTENTS 綜合全面收益表 概況OVERVIEW 綜合收入及開支CONSOLIDATED INCOME AND EXPENDITURE 分部結果SEGMENT RESULTS The consolidated income increased by $490 million to $4,318 million in 2015/16 ($3,828 million in 2014/15), attributable to a growth of $230 million in donation income, a reduction of $90 million in investment loss; the remainder included the usual additional University Grants Committee ('UGC') supplementary grants for General Pay Adjustment ('GPA') on salaries, and an increase in tuition fee income. 司庫報告 TREASURER'S REPORT Financial year 2015/16 closed with a surplus of $316 million (a small deficit of $5 million for 2014/15). The significant improvement over 2014/15 was mainly attributable to higher donation income and much reduced investment loss due to market conditions. 2015/16年度綜合收入增長四億九千萬元， 達四十三億一千八百萬元（2014/15年度為 三十八億二千八百萬元），其中，二億三 千萬來自捐款收入，九千萬來自投資虧損 的減少，其餘包括教育資助委員會（「教 資會」）額外為薪金調整的附加撥款及學 費收入的增長。 由於捐款收入的增加及投資虧損因投資市 場環境而大幅下降，大學2015/16財政年度 表現較2014/15進步顯著，共錄得三億一千 六百萬元的盈餘（2014/15年度輕度虧損五 百萬元）。 The consolidated expenditure increased by $185 million to $4,018 million ($3,833 million in 2014/15) which was mainly due to higher salary costs arising from GPA, as well as the general increases in other operating expenses for teaching and research activities. 教資會資助活動UGC-Funded Activities 教資會資助之活動共錄得二千八百萬元虧 損（ 2014/15 年度虧損五千四百萬元） 。 2015/16年度的虧損主要由於時差上使用教 資會配對撥款應付支出所致。大學現有二 十三億元教資會資金可填補此虧損。 2015/16年度的虧損較2014/15年度少，主要 因為投資虧損的減少，惟此減幅因配對撥 款的下降而有所抵銷。 UGC-Funded Activities showed a deficit of $28 million (deficit of $54 million for 2014/15). The 2015/16 deficit was driven by timing difference on expenditure funded by UGC matching grant. The University has over $2.3 billion of UGC funds that can be used to cover this deficit. The 2015/16 deficit was smaller than that in 2014/15, and was primarily due to a lower investment loss offset by reduced matching grants. 綜合開支增長一億八千五百萬元，達四十 億一千八百萬元（2014/15年度為三十八億 三千三百萬元），主要來自薪金調整及其 他教學及科研活動日常開支的增長。 以教資會資助與非教資會資助活動的分部 營運評述如下： Commentary on the operating segments, analysed by UGC-Funded Activities and non-UGC Funded Activities, is as follows: 1 Donations Activities 資本支出CAPITAL EXPENDITURE Non-UGC Funded Activities 除了教資會，其他政府機構及資助團體亦 會向大學提供研究撥款。今年從已完成商 業研究項目所得的盈餘達一千七百萬元（ 2014/15年度盈餘為一千八百萬元）。 Besides UGC, other government agencies and funding bodies provided research grants to the University. Completed commercial research projects resulted in a surplus of $17 million (surplus of $18 million for 2014/15). Research Activities 非教資會資助活動 科研活動 Self-Financing Teaching The Continuing Professional Education Programs ('CPEP') generated a surplus of $135 million (surplus of $101 million for 2014/15). The increase in surplus over 2014/15 was due to higher student enrollment, higher tuition fees and introduction of two new programs. 大學籍二十五週年校慶成功籌集不少資金 ，已確認及入賬的捐款達三億一千六百萬 元，令此營運分部盈利達一億九千五百萬 元（2014/15年度虧損三千五百萬元）。 The University had conducted concerted fund-raising efforts successfully on the occasion of its 25th Anniversary. Donations of $316 million, were secured and recognised, and contributed to a surplus of $195 million (deficit of $35 million for 2014/15) for this operating segment. The off-campus student hostel in Tseung Kwan O was completed in 2015/16 and will provide students with a convenient occupancy at close proximity to the University as from 2016/17. The new on-campus hospitality facility, Li Dak Sum Yip Yio Chin Kenneth Li Conference Lodge, which caters for the accommodation needs of visitors and overseas students for various academic and research activities and events, has started its full operation during the year. Other inprogress construction projects include the Multi- Purpose Auditorium, residence apartment for Research Postgraduate students, Indoor Sports Centre and Waterfront facilities. 截至2016年6月30日，已批准之建築項目及 其他資本項目的總資本承擔達十七億零六 百萬元。當中的九千九百萬元來自遞延收 益，十二億一千萬元來自大學現有資金， 八千九百萬元來自已批但未收之教資會撥 款及三億零八百萬元來自承諾捐款。 As at 30 June 2016, the total commitments for approved construction projects and other capital items amounted to $1,706 million: $99 million of which will be funded by deferred income on hand, $1,210 million from existing University's Funds, $89 million by approved but yet to be received UGC grants and $308 million by pledged donations. 位於將軍澳的校外學生宿舍已於2015/16年 度完工，將由2016/17年度開始，為學生提 供就近校園的住宿。此外，新增的校內接 待設施─ 李達三葉耀珍伉儷李本俊會議大 樓─ 已於年內全面運作，為參與學術及研 究活動而來的訪客及海外學生提供住宿。 其他進行中的建築項目還包括多用途禮堂 ，研究生宿舍，室內運動中心及海濱設施 等等。 自負盈虧教學 所得捐款活動 持續進修教育活動今年錄得盈利一億三千 五百萬元（2014/15年度盈利為一億零一百 萬元）。較2014/15年度為高的盈利主要來 自報讀學生人數上升，調高學費額及新推 出的兩個課程。 2 展望OUTLOOK 楊佳錩Patrick K.C. YEUNG 大學司庫Treasurer of the University 2016年10月17日17 October 2016 踏過二十五週年，大學將繼續鞏固及善用 在教學及科研領域所投放的財政，資本及 人力資源，向策略目標邁進。財政方面， 面對持續波動的投資市場環境，大學將繼 續謹慎理財，確保維持充足的儲備以支持 大學未來的發展。 Going forward beyond its 25th Anniversary, the University will continue to enhance and capitalize on its financial, capital and human resources in teaching and research in pursuit of its strategic goals. On the financial side, in face of the on-going unstable environment in the investment market, the University will remain cautious in its capital management and ensure it maintains adequate reserves for the future. 3 致 ：香港科技大學校董會To : 校董會就綜合財務報表須承擔的責任 核數師的責任Auditor's responsibility 本核數師(以下簡稱「我們」)已審計列載於第6 至60頁香港科技大學(「大學」)及其附屬公司 (以下合稱「集團」)的綜合財務報表，此綜合財 務報表包括於2016年6月30日的綜合資產負債表 與截至該日止年度的綜合全面收益表、綜合資 金變動表和綜合現金流動表，以及主要會計政 策概要及其他附註解釋資料。 獨立核數師報告 INDEPENDENT AUDITOR'S REPORT We have audited the consolidated financial statements of The Hong Kong University of Science and Technology (the 'University') and its subsidiaries (together, the 'Group') set out on pages 6 to 60, which comprise the consolidated balance sheet as at 30 June 2016, and the consolidated statement of comprehensive income, the consolidated statement of changes in fund balances and the consolidated statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. The Council of The Hong Kong University of Science and Technology The Council's responsibility for the consolidated financial statements 貴校董會須負責根據香港會計師公會頒布的香 港財務報告準則擬備真實而中肯的綜合財務報 表，並對其認為為使綜合財務報表的擬備不存 在由於欺詐或錯誤而導致的重大錯誤陳述所必 需的內部控制負責。 我們的責任是根據我們的審計對該等綜合財務 報表發表意見，並按照香港科技大學條例僅向 校董會（作為整體）報告，除此之外本報告別 無其他目的。我們不會就本報告的內容向任何 其他人士負上或承擔任何責任。 Our responsibility is to express an opinion on these consolidated financial statements based on our audit and to report our opinion solely to you, as a body, in accordance with The Hong Kong University of Science and Technology Ordinance and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. The Council of the University is responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants, and for such internal control as the Council determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. 4 意見Opinion 羅兵咸永道會計師事務所PricewaterhouseCoopers 執業會計師Certified Public Accountants 香港，2016年10月17日Hong Kong, 17 October 2016 In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Group as at 30 June 2016, and of the financial performance and cash flows of the Group for the year then ended in accordance with Hong Kong Financial Reporting Standards. 我們相信，我們所獲得的審計憑證能充足和適 當地為我們的審計意見提供基礎。 我們認為，該等綜合財務報表已根據香港財務 報告準則真實而中肯地反映貴集團於2016年6 月30日的財務狀況，及其截至該日止年度的財 務表現及現金流量。 審計涉及執行程序以獲取有關綜合財務報表所 載金額及披露資料的審計憑證。所選擇的程序 取決於核數師的判斷，包括評估由於欺詐或錯 誤而導致綜合財務報表存在重大錯誤陳述的風 險。在評估該等風險時，核數師考慮與該公司 擬備真實而中肯的綜合財務報表相關的內部控 制，以設計適當的審計程序，但目的並非對公 司內部控制的有效性發表意見。審計亦包括評 價校董會所採用會計政策的恰當性及作出會計 估計的合理性，以及評價綜合財務報表的整體 列報方式。 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Council, as well as evaluating the overall presentation of the consolidated financial statements. 我們已根據香港會計師公會頒布的香港審計準 則進行審計。該等準則要求我們遵守道德規範 ，並規劃及執行審計以對綜合財務報表是否不 存在任何重大錯誤陳述獲取合理保證。 We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. 5 2016 2015 附註百萬元百萬元 Notes $million $million 收入 Income 政府資助及撥款3.1 2,334 2,241 Government Subventions and Grants 學費、課程及其他收費1,104 1,030 Tuition, Programs and Other Fees 利息及投資收入3.2 (6) (96) Interest and Investment Income 外界捐款316 86 Donations and Benefactions 輔助服務及其他收入3.3 353 347 Auxiliary Services and Other Income 轉撥自遞延資本基金16 / 24.15 217 220 Transfers from Deferred Capital Funds 4,318 3,828 開支3.4 Expenditure 教學、學術及研究 Teaching, Learning and Research 教學及研究2,528 2,447 Teaching and Research 圖書館108 104 Library 中央電腦設備118 127 Central Computing Facilities 其他教學服務106 97 Other Academic Services 2,860 2,775 校務支援 Institutional Support 管理及一般事務289 241 Management and General 校舍及有關費用574 548 Premises and Related Expenses 學生及一般教育服務246 237 Student and General Education Services 其他活動49 32 Other Activities 1,158 1,058 4,018 3,833 本年度營運盈餘 / (虧損) 300 (5) Surplus / (Deficit) from operation for the year 綜合全面收益表 截至2016年6月30日止年度 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2016 6 2016 2015 附註百萬元百萬元 Notes $million $million 所佔聯營公司的經營業績9 15 1 Share of Result of an Associate 所佔合資企業的經營業績10 1 (1) Share of Result of a Joint Venture 本年度稅前盈餘 / (虧損) 316 (5) Surplus / (Deficit) for the year before taxation 稅項5 0 0 Taxation 本年度稅後盈餘 / (虧損) 316 (5) Surplus / (Deficit) for the year after taxation 年內之其他全面收益 / (虧絀) Other comprehensive income / (loss) for the year 其後或循環至收入及開支的項目： Items that may be reclassified subsequently to income and expenditure: 於可供出售財務資產未實現之(虧絀) / 盈利24.7(d) (4) 3 Unrealised (loss) / gain on Available-for-Sale Financial Assets 外幣換算之差額24.18(b) (15) 0 Exchange differences arising from retranslation (19) 3 年內全面收益 / (虧絀)總額297 (2) Total comprehensive income / (loss) for the year 轉撥至 / (自)： Transfers to / (from): 教資會基金(28) (54) UGC Funds 限制性基金238 18 Restricted Funds 其他基金87 34 Other Funds 297 (2) CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (CONT'D) FOR THE YEAR ENDED 30 JUNE 2016 截至2016年6月30日止年度 綜合全面收益表(續) 7 於6月30日於6月30日於7月1日 As at 30 June As at 30 June As at 1 July 2016 2015 2014 重編重編 Restated Restated 附註百萬元百萬元百萬元 Notes $million $million $million 非流動資產 Non-Current Assets 物業、機器及設備6 4,976 4,813 4,551 Property, Plant and Equipment 無形資產7 7 6 21 Intangible Assets 持至到期日財務資產8 71 71 108 Held-to-Maturity Financial Assets 可供出售財務資產8 18 22 19 Available-for-Sale Financial Assets 按公平值透過損益記賬之財務資產8 5,275 4,171 4,295 Financial Assets at Fair Value through Profit or Loss 於聯營公司權益9 73 64 66 Interest in an Associate 於合資企業權益10 0 (1) 0 Interest in a Joint Venture 10,420 9,146 9,060 流動資產 Current Assets 持至到期日財務資產8 0 37 5 Held-to-Maturity Financial Assets 存貨1 0 1 Inventories 應收賬款及預付款項11 187 202 257 Accounts Receivable and Prepayments 原到期日超過三個月之定期存款716 1,661 1,375 Bank Deposits with Original Maturity over Three Months 現金及等同現金12 888 687 787 Cash and Cash Equivalents 1,792 2,587 2,425 流動負債 Current Liabilities 應付賬款及應計費用13 700 660 547 Accounts Payable and Accruals 教職員福利撥備14 165 163 154 Provision for Staff Benefits 遞延收益15 687 659 604 Deferred Income 應付稅項1 1 2 Tax Payable 1,553 1,483 1,307 流動資產淨值239 1,104 1,118 Net Current Assets 資產總值減流動負債10,659 10,250 10,178 Total Assets Less Current Liabilities 綜合資產負債表 CONSOLIDATED BALANCE SHEET 8 於6月30日於6月30日於7月1日 As at 30 June As at 30 June As at 1 July 2016 2015 2014 重編重編 Restated Restated 附註百萬元百萬元百萬元 Notes $million $million $million 非流動負債 Non-Current Liabilities 教職員福利撥備14 29 22 22 Provision for Staff Benefits 遞延資本基金16 3,835 3,730 3,656 Deferred Capital Funds 3,864 3,752 3,678 資產淨值6,795 6,498 6,500 NET ASSETS 教資會基金17 2,355 2,383 2,437 UGC Funds 限制性基金17 1,177 932 914 Restricted Funds 其他基金17 3,263 3,183 3,149 Other Funds 資金總額6,795 6,498 6,500 TOTAL FUNDS 校董會於2016年10月17日核准本財務報表 Approved by the Council on 17 October 2016 大學司庫 Patrick K.C. YEUNG Treasurer of the University 楊佳錩黃雅麗 財務處處長 Alice N.L. WONG Director of Finance 陳繁昌 校長 Tony F. CHAN President 綜合資產負債表(續) CONSOLIDATED BALANCE SHEET (CONT'D) 9 所得捐款及 配對撥款儲備 投資重估儲備 資本儲備其他儲備限制性基金 教資會基金其他基金資金總額 UGC Other Total Funds 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million (附註17) (附註17) (附註17) (Note 17) (Note 17) (Note 17) 2014年7月1日之結餘，如前期呈報4,572 1,255 2,811 1,513 5 0 0 0 10,156 Balance as at 1 July 2014, as previously reported 重新分類(附註2.1) (4,572) (1,255) (2,811) (1,513) (5) 2,437 914 3,149 (3,656) Reclassifications (Note 2.1) 2014年7月1日之結餘，重編0 0 0 0 0 2,437 914 3,149 6,500 Balance as at 1 July 2014, restated 年內全面收益 / (虧絀)總額 Total comprehensive income / (loss) for the year 本年度稅後(虧損) / 盈餘0 0 0 0 0 (54) 17 32 (5) (Deficit) / Surplus for the year after taxation 其他全面收益 / (虧絀) Other comprehensive income / (loss) 於可供出售財務資產未實現之盈利0 0 0 0 0 0 0 3 3 Unrealised gain on Available-for-Sale Financial Assets 外幣換算之差額0 0 0 0 0 0 1 (1) 0 Exchange differences arising from retranslation 0 0 0 0 0 (54) 18 34 (2) 2015年6月30日之結餘，重編0 0 0 0 0 2,383 932 3,183 6,498 Balance as at 30 June 2015, restated 教資會整筆撥款 儲備Investment Revaluation Reserve Capital Reserves UGC Block Grant Reserves Other Reserves Restricted Funds 綜合資金變動表 CONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCES FOR THE YEAR ENDED 30 JUNE 2016 截至2016年6月30日止年度 Donations and Matching Grants Reserves 10 Funds Funds 所得捐款及 配對撥款儲備 投資重估儲備 資本儲備其他儲備限制性基金 教資會基金其他基金資金總額 Total Funds 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million (附註17) (附註17) (附註17) (Note 17) (Note 17) (Note 17) 2015年7月1日之結餘，如前期呈報4,819 1,257 2,568 1,576 8 0 0 0 10,228 Balance as at 1 July 2015, as previously reported 重新分類(附註2.1) (4,819) (1,257) (2,568) (1,576) (8) 2,383 932 3,183 (3,730) Reclassifications (Note 2.1) 2015年7月1日之結餘，重編0 0 0 0 0 2,383 932 3,183 6,498 Balance as at 1 July 2015, restated 年內全面收益 / (虧絀)總額 Total comprehensive income / (loss) for the year 本年度稅後盈餘 / (虧損) 0 0 0 0 0 (28) 239 105 316 Surplus / (Deficit) for the year after taxation 其他全面收益 / (虧絀) Other comprehensive income / (loss) 於可供出售財務資產未實現之虧絀0 0 0 0 0 0 0 (4) (4) Unrealised loss on Available-for-Sale Financial Assets 外幣換算之差額0 0 0 0 0 0 (1) (14) (15) Exchange differences arising from retranslation 0 0 0 0 0 (28) 238 87 297 其他資金轉撥0 0 0 0 0 0 7 (7) 0 Other inter-fund transfer 2016年6月30日之結餘0 0 0 0 0 2,355 1,177 3,263 6,795 Balance as at 30 June 2016 Donations and Matching Grants Reserves FOR THE YEAR ENDED 30 JUNE 2016 Capital Reserves Other Reserves Investment Revaluation Reserve UGC Block Grant Reserves 教資會整筆撥款 儲備 Restricted Funds 綜合資金變動表(續) 截至2016年6月30日止年度 CONSOLIDATED STATEMENT OF CHANGES IN FUND BALANCES (CONT'D) 11 UGC Funds Other Funds 2016 2015 百萬元百萬元 $million $million 營運活動之現金流量 Cash Flows from Operating Activities 本年度稅前盈餘 / (虧損) 316 (5) Surplus / (Deficit) for the year before taxation 調整: Adjustments for: 折舊及攤銷273 267 Depreciation and Amortisation 利息及投資收入6 96 Interest and Investment Income 出售物業、機器及設備之收益(1) 0 Gain on disposal of Property, Plant and Equipment 所佔聯營公司及合資企業的經營業績(16) 0 Share of results of an Associate and a Joint Venture 轉撥自遞延資本基金(217) (220) Transfers from Deferred Capital Funds 未計運作資本之變動前之營運現金流量361 138 Operating cash flow before movements in working capital 存貨之(增加) / 減少(1) 1 (Increase) / Decrease in Inventories 應收賬款及預付款項之減少11 53 Decrease in Accounts Receivable and Prepayments 應付賬款及應計費用之增加72 44 Increase in Accounts Payable and Accruals 遞延收益之增加28 55 Increase in Deferred Income 教職員福利撥備之增加9 9 Increase in Provision for Staff Benefits 營運活動淨現金流入480 300 Net Cash Generated from Operating Activities 綜合現金流動表 截至2016年6月30日止年度 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016 12 2016 2015 百萬元百萬元 $million $million 投資活動之現金流量 Cash Flows from Investing Activities 購買物業、機器及設備(474) (442) Payment for purchase of Property, Plant and Equipment 購買無形資產(5) (4) Payment for purchase of Intangible Assets 原到期日超過三個月之定期存款之減少 / (增加) 945 (286) Decrease / (Increase) in Bank Deposits with Original Maturity over Three Months 購買按公平值透過損益記賬之財務資產(1,871) (609) Purchase of Financial Assets at Fair Value through Profit or Loss 從持至到期日財務資產所得之贖回收入37 6 Proceeds from redemption of Held-to-Maturity Financial Assets 出售按公平值透過損益記賬之財務資產之收入737 601 Proceeds from sale of Financial Assets at Fair Value through Profit or Loss 出售物業、機器及設備之收入1 0 Proceeds from disposal of Property, Plant and Equipment 已收取之利息及投資收入29 41 Interest and investment income received 投資活動淨現金流出(601) (693) Net Cash Used in Investing Activities 融資活動之現金流量 Cash Flows from Financing Activities 用以購買物業、機器及設備及無形資產之資助及撥款及捐款收入324 293 Subventions and Grants and donations received for purchase of Property, Plant and Equipment and Intangible Assets 融資活動淨現金流入324 293 Net Cash Generated from Financing Activities 現金及等同現金之淨增加 / (減少) 203 (100) Net Increase / (Decrease) in Cash and Cash Equivalents 年初之現金及等同現金687 787 Cash and Cash Equivalents at the Beginning of the Year 匯兌變動之影響(2) 0 Effect of Foreign Exchange Rate Changes 年終之現金及等同現金888 687 Cash and Cash Equivalents at the End of the Year CONSOLIDATED STATEMENT OF CASH FLOWS (Cont'd) FOR THE YEAR ENDED 30 JUNE 2016 綜合現金流動表(續) 截至2016年6月30日止年度 13 1. 一般資料1. GENERAL INFORMATION 2. 編製基準2. BASIS OF PREPARATION 大學之財務報表已另外編製。 綜合財務報表附註 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS The consolidated financial statements have been prepared under the historical cost convention, as modified by the revaluation of Available-for-Sale Financial Assets and Financial Assets at Fair Value through Profit or Loss which are carried at fair value. The preparation of consolidated financial statements in conformity with HKFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial statements, are disclosed in note 23. 在該新建議準則下，綜合財務報表的 呈列方式有所改變，且部份比較數字 經已重列以符合本年度的呈列方式。 對綜合財務報表呈列方式的影響已於 附註2.1內概述。 Financial statements for the University have been prepared separately. 綜合財務報表乃按歷史成本法編製， 並對可供出售財務資產以及按公平值 透過損益記賬財務資產之公平值重估 而作出修訂。 編製符合香港財務報告準則的綜合財 務報表需要使用若干關鍵的會計估算 ，亦需要管理層在應用集團會計政策 的過程中運用其判斷。有關涉及高度 的判斷或高度複雜性的範疇，又或綜 合財務報表中需作重要假設及估算的 範疇，已於附註23中披露。 香港科技大學是在香港科技大學條例 (香港法例第一一四一章)下成立，為一 間科學技術的大學，專注促進學習及 學術，並特別在學術研究、研究生教 育方面加以重視，以及與商業和工業 界緊密合作。大學的附屬公司的主要 活動及其他事項詳列於附註22內。 The Hong Kong University of Science and Technology is incorporated under The Hong Kong University of Science and Technology Ordinance (Chapter 1141, Laws of Hong Kong) as a technological university dedicated to the advancement of learning and scholarship, with special emphasis on research, postgraduate education, and close collaboration with business and industry. The principal activities and other particulars of the University's subsidiaries are set out in note 22. The University's registered address and principal place of operation is Clear Water Bay, Hong Kong. These consolidated financial statements are presented in Hong Kong dollars ('HKD'), which is the Group's presentation currency. These consolidated financial statements were approved for issue by the Council on 17 October 2016. The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards ('HKFRS') issued by the Hong Kong Institute of Certified Public Accountants ('HKICPA'), and the new Statement of Recommended Practice ('SORP') for institutions funded by the University Grants Committee ('UGC') in Hong Kong which was effective 1 July 2015. 大學之註冊地址及主要營運地點為香 港清水灣。 綜合財務報表以港元呈覽，港元亦為 本集團之呈報貨幣。本大學校董會於 2016年10月17日核准此綜合財務報表刊 發。 Under the new SORP, the presentation of the consolidated financial statements has changed and certain comparative figures have been reclassified to conform with current year's presentation. The effect of the changes in presentation of the consolidated financial statements is summarised in note 2.1. 綜合財務報表乃依據香港會計師公會 頒佈之香港財務報告準則以及在2015 年7月1日生效的教育資助委員會(「教 資會」) 資助院校的新建議準則(「新 建議準則」) 所編製。 14 2.1 因採納教資會新建議準則對財務報表呈列方式之影響概要 由於上文附註2所述採納教資會新建議準則，對財務報表呈列方式有所影響： As a result of the adoption of new UGC SORP described in note 2 above, the presentation of financial statements has been changed : (i) 大學儲備、營運結果以及分部活動均以教資會資助和非教資會資助來區分。 (ii) 用於資本支出之撥款/指定捐款總結餘由資本儲備重新分類為非流動負債並改名遞延資本基金。 其影響概述如下： The effect of these changes is illustrated as follows: 綜合全面收益表 Consolidated Statement of Comprehensive Income 轉撥(至) / 自基金之年內全面(虧絀) / 收益總額 Total comprehensive (loss) / income for the year transferred (to) / from funds 如前期呈報 重編 As restated 限制性基金遞延資本基金 其他基金 UGC Funds Other Funds 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million 資本儲備 (219) 0 0 0 219 0 Capital Reserves 教資會整筆撥款儲備0 0 0 0 0 0 UGC Block Grant Reserves 所得捐款及配對撥款儲備 (88) 54 (18) 52 0 0 Donations and Matching Grants Reserves 其他儲備 83 0 0 (83) 0 0 Other Reserves 投資重估儲備 3 0 0 (3) 0 0 Investment Revaluation Reserve 教資會基金0 (54) 0 0 0 (54) UGC Funds 限制性基金0 0 18 0 0 18 Restricted Funds 其他基金0 0 0 34 0 34 Other Funds 總額 (221) 0 0 0 219 (2) Total 非流動負債 Non-Current Liabilities 遞延資本基金0 0 0 0 (219) (219) Deferred Capital Funds 重新分類 Reclassifications 教資會基金 As previously reported Restricted Funds Deferred Capital Funds For the year ended 30 June 2015 Summary of the Effect of Changes in Presentation of Financial Statements due to adoption of new UGC SORP the aggregate balance of grants / earmarked donations for financing the capital expenditure is re-classified from Capital Reserves to Non-Current Liabilities as Deferred Capital Funds. 截至2015年6月30日止年度 distinction of the University's reserves, operating results and segment activities between UGC-funded and non-UGC funded. 15 2.1 因採納教資會新建議準則對財務報表呈列方式之影響概要(續) 綜合資產負債表 Consolidated Balance Sheet 資金結餘 Fund Balances 如前期呈報 重編 As restated 限制性基金遞延資本基金 其他基金 UGC Funds Other Funds 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million 資金總額 Total Funds 資本儲備 4,572 (6) (14) (896) (3,656) 0 Capital Reserves 教資會整筆撥款儲備 1,255 (1,255) 0 0 0 0 UGC Block Grant Reserves 所得捐款及配對撥款儲備 2,811 (1,176) (900) (735) 0 0 Donations and Matching Grants Reserves 其他儲備 1,513 0 0 (1,513) 0 0 Other Reserves 投資重估儲備 5 0 0 (5) 0 0 Investment Revaluation Reserve 教資會基金0 2,437 0 0 0 2,437 UGC Funds 限制性基金0 0 914 0 0 914 Restricted Funds 其他基金0 0 0 3,149 0 3,149 Other Funds 總額 10,156 0 0 0 (3,656) 6,500 Total 非流動負債 Non-Current Liabilities 遞延資本基金0 0 0 0 3,656 3,656 Deferred Capital Funds 如前期呈報 重編 As restated 限制性基金遞延資本基金 其他基金 UGC Funds Other Funds 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million 資金總額 Total Funds 資本儲備 4,819 (4) (24) (1,061) (3,730) 0 Capital Reserves 教資會整筆撥款儲備 1,257 (1,257) 0 0 0 0 UGC Block Grant Reserves 所得捐款及配對撥款儲備 2,568 (1,122) (908) (538) 0 0 Donations and Matching Grants Reserves 其他儲備 1,576 0 0 (1,576) 0 0 Other Reserves 投資重估儲備 8 0 0 (8) 0 0 Investment Revaluation Reserve 教資會基金0 2,383 0 0 0 2,383 UGC Funds 限制性基金0 0 932 0 0 932 Restricted Funds 其他基金0 0 0 3,183 0 3,183 Other Funds 總額 10,228 0 0 0 (3,730) 6,498 Total 非流動負債 Non-Current Liabilities 遞延資本基金0 0 0 0 3,730 3,730 Deferred Capital Funds 註: 各項基金的詳細資料於附註17內概述。 Note: Further information on the respective funds are provided in note 17. As previously reported As at 1 July 2014 重新分類 Reclassifications 教資會基金Restricted Funds Deferred Capital Funds As previously reported 教資會基金Restricted Funds Deferred Capital Funds Summary of the Effect of Changes in Presentation of Financial Statements due to adoption of new UGC SORP (Cont'd) 於2015年6月30日 As at 30 June 2015 重新分類 Reclassifications 於2014年7月1日 16 3. 分部收入及支出 INCOME AND EXPENDITURE BY SEGMENT (a) 綜合分部收支(按用途) Consolidated Segment Income and Expenditure (By function) 分部間之分部間之 教資會交易抵銷教資會交易抵銷 資助活動資助活動 淨總計淨總計 Net Total Net Total 自負盈虧之持續自負盈虧之持續 進修教育活動科研活動所得捐款活動其他活動進修教育活動科研活動所得捐款活動其他活動 小計小計 Sub-total Sub-total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million (註) (註) (Note) (Note) 收入 Income 政府資助及撥款(附註3.1) 2,197 0 132 0 5 137 0 2,334 2,127 0 113 1 0 114 0 2,241 Government Subventions and Grants (Note 3.1) 學費、課程及其他收費558 546 0 0 0 546 0 1,104 541 489 0 0 0 489 0 1,030 Tuition, Programs and Other Fees 利息及投資收入(附註3.2) (7) 0 0 1 0 1 0 (6) (45) 0 0 (25) (26) (51) 0 (96) Interest and Investment Income (Note 3.2) 外界捐款0 0 0 316 0 316 0 316 0 0 0 86 0 86 0 86 Donations and Benefactions 輔助服務及其他收入(附註3.3) 49 17 116 3 168 304 0 353 51 9 116 2 169 296 0 347 Auxiliary Services and Other Income (Note 3.3) 轉撥自遞延資本基金159 0 14 44 0 58 0 217 168 0 9 43 0 52 0 220 Transfers from Deferred Capital Funds 收回間接費用 / 分部間之收入98 3 0 3 133 139 (237) 0 86 4 0 1 114 119 (205) 0 Overhead Recovery / Inter-segment Income 3,054 566 262 367 306 1,501 (237) 4,318 2,928 502 238 108 257 1,105 (205) 3,828 開支(附註3.4) Expenditure (Note 3.4) 教學、學術及研究 Teaching, Learning and Research 教學及研究1,927 256 207 50 88 601 0 2,528 1,875 253 187 47 85 572 0 2,447 Teaching and Research 圖書館107 0 0 1 0 1 0 108 103 0 0 1 0 1 0 104 Library 中央電腦設備118 0 0 0 0 0 0 118 127 0 0 0 0 0 0 127 Central Computing Facilities 其他教學服務99 2 0 2 3 7 0 106 93 1 0 0 3 4 0 97 Other Academic Services 校務支援 Institutional Support 管理及一般事務219 0 0 30 40 70 0 289 199 0 0 17 25 42 0 241 Management and General 校舍及有關費用474 0 0 54 46 100 0 574 456 1 0 53 38 92 0 548 Premises and Related Expenses 學生及一般教育服務124 1 0 34 87 122 0 246 113 1 0 24 99 124 0 237 Student and General Education Services 其他活動0 0 0 0 49 49 0 49 0 0 0 0 32 32 0 32 Other Activities 收回間接費用 / 分部間之開支14 172 38 1 12 223 (237) 0 16 145 33 1 10 189 (205) 0 Overhead Recovery / Inter-segment Expenditure 3,082 431 245 172 325 1,173 (237) 4,018 2,982 401 220 143 292 1,056 (205) 3,833 本年度營運盈餘 / (虧損) (28) 135 17 195 (19) 328 0 300 (54) 101 18 (35) (35) 49 0 (5) Surplus / (Deficit) from operation for the year 所佔聯營公司的經營業績0 0 0 0 15 15 0 15 0 0 0 0 1 1 0 1 Share of Result of an Associate 所佔合資企業的經營業績0 0 0 0 1 1 0 1 0 0 0 0 (1) (1) 0 (1) Share of Result of a Joint Venture 本年度盈餘 / (虧損) (28) 135 17 195 (3) 344 0 316 (54) 101 18 (35) (35) 49 0 (5) Surplus / (Deficit) for the year 本年度盈餘 / (虧損)轉撥至: Surplus / (Deficit) for the year transferred to: 教資會基金(28) 0 0 0 0 0 0 (28) (54) 0 0 0 0 0 0 (54) UGC Funds 限制性基金0 0 0 239 0 239 0 239 0 0 0 17 0 17 0 17 Restricted Funds 其他基金0 135 17 (44) (3) 105 0 105 0 101 18 (52) (35) 32 0 32 Other Funds (28) 135 17 195 (3) 344 0 316 (54) 101 18 (35) (35) 49 0 (5) Self-financing CPEP Activities Donation Activities 2016 非教資會資助活動 Non-UGC Funded Activities Self-financing CPEP Activities Research Activities Donation Activities Other Activities UGC-Funded Activities UGC-Funded Activities Inter-segment Transaction Elimination Inter-segment Transaction Elimination 2015 Research Activities 非教資會資助活動 Non-UGC Funded Activities Other Activities 17 3. 分部收入及支出(續) INCOME AND EXPENDITURE BY SEGMENT (CONT'D) (a) 綜合分部收支(按用途)(續) Consolidated Segment Income and Expenditure (By function) (Cont'd) 註: 分部間之交易主要包括從自資活動收取之間接費用及內部租金交易項目。 Note: Inter-segment transactions mainly included overhead recovered from self-financing activities and internal rental transactions. 備註:  有關分部報告之披露乃按教資會資助院校的建議準則要求並不完全按照香港財務報告準則笫8號「營運分部」之規定而編製。 Remarks: Disclosures regarding segment reporting are included as a requirement of the Statement of Recommended Practice for the UGC-Funded Institutions and are not designed to fully comply with the requirements of HKFRS 8 'Operating Segments'.  教資會資助與非教資會資助活動的成本分攤政策 Cost Allocation Policy for UGC-funded and non-UGC-funded activities 大學的成本分攤及收回間接費用的制度原則為： The guiding principles for cost allocation and overhead recovery of the University are: - 以防教資會給予之資源被攤薄及與私營行業有不公平競爭，不該有任何隱藏之補貼； There should be no hidden subsidy to avoid dilution of UGC-funded resources and unfair competition with the private sector; - 所有直接用於特定活動的費用概由該等活動全數承擔； All direct costs which can be separately attributable to specific activities should be fully taken up and borne by such activities; - 所有不能分開歸屬於特定活動的間接費用(如中央設施、行政及輔助服務)依據內部政策以收回間接費用方式向分部分配。 All indirect costs, such as centrally provided facilities, administrative and support services, which cannot be separately attributable to specific activities, are allocated to segments as overhead recovery according to internal policy. 收回間接費用 Overhead Recovery 自負盈虧之持續進修教育課程 Self-financing Continuing and Professional Education Programs 課程收入的某部份會作為間接費用被預先扣掉。一般情況下，課程需付收入的25%作為間接費用支出。 A percentage of the programs' revenue will be deducted upfront as overhead recovery. In general, the programs are subject to an overhead recovery rate of 25%. 非教資會資助科研合約及撥款 Non-UGC funded Research Contracts and Grants A percentage will be charged on the research contracts and grants as overhead recovery. Currently, the normal rate of overhead recovery is 30% on direct costs (excluding equipment). A reduced rate of 15% is charged on research grants from government due to the rules imposed by the funding agency. No overhead is charged against local non-profit non-governmental organizations (e.g. local Foundations), and donations for research. 科研合約及撥款需承擔間接費用。現時正常費用率為直接費用(不包括設備)的30%。因資助機構所定的條例限制，政府科研撥款的費用率為較低的15%。本地非牟利非政府機構(如本地基金會)以及科研捐款，並無對其支取任何間接費用。 18 3. 分部收入及支出(續) INCOME AND EXPENDITURE BY SEGMENT (CONT'D) (b) 綜合分部收支(按會計性質) Consolidated Segment Income and Expenditure (By accounting nature) 分部間之分部間之 教資會交易抵銷教資會交易抵銷 資助活動資助活動 淨總計淨總計 Net Total Net Total 自負盈虧之持續自負盈虧之持續 進修教育活動科研活動所得捐款活動其他活動進修教育活動科研活動所得捐款活動其他活動 小計小計 Sub-total Sub-total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million (註) (註) (Note) (Note) 收入(附註3(a)) 3,054 566 262 367 306 1,501 (237) 4,318 2,928 502 238 108 257 1,105 (205) 3,828 Income (Note 3(a)) 開支(附註3.4) Expenditure (Note 3.4) 薪金及福利2,036 114 98 29 88 329 0 2,365 1,967 111 89 31 84 315 0 2,282 Salaries and Benefits 其他營運支出869 145 91 79 196 511 0 1,380 827 145 86 53 173 457 0 1,284 Other Operating Expenses 折舊及攤銷163 0 18 63 29 110 0 273 172 0 12 58 25 95 0 267 Depreciation and Amortisation 收回間接費用 / 分部間之開支14 172 38 1 12 223 (237) 0 16 145 33 1 10 189 (205) 0 Overhead Recovery / Inter-segment Expenditure 3,082 431 245 172 325 1,173 (237) 4,018 2,982 401 220 143 292 1,056 (205) 3,833 本年度營運盈餘 / (虧損) (28) 135 17 195 (19) 328 0 300 (54) 101 18 (35) (35) 49 0 (5) Surplus / (Deficit) from operation for the year 所佔聯營公司的經營業績0 0 0 0 15 15 0 15 0 0 0 0 1 1 0 1 Share of Result of an Associate 所佔合資企業的經營業績0 0 0 0 1 1 0 1 0 0 0 0 (1) (1) 0 (1) Share of Result of a Joint Venture 本年度盈餘 / (虧損) (28) 135 17 195 (3) 344 0 316 (54) 101 18 (35) (35) 49 0 (5) Surplus / (Deficit) for the year 本年度盈餘 / (虧損)轉撥至: Surplus / (Deficit) for the year transferred to: 教資會基金(28) 0 0 0 0 0 0 (28) (54) 0 0 0 0 0 0 (54) UGC Funds 限制性基金0 0 0 239 0 239 0 239 0 0 0 17 0 17 0 17 Restricted Funds 其他基金0 135 17 (44) (3) 105 0 105 0 101 18 (52) (35) 32 0 32 Other Funds (28) 135 17 195 (3) 344 0 316 (54) 101 18 (35) (35) 49 0 (5) 註: Note: 分部間之交易主要包括從自資活動收取之間接費用及內部租金交易項目。 Inter-segment transactions mainly included overhead recovered from self-financing activities and internal rental transactions. 備註: Remarks: 有關分部報告之披露乃按教資會資助院校的建議準則要求並不完全按照香港財務報告準則笫8號「營運分部」之規定而編製。 Disclosures regarding segment reporting are included as a requirement of the Statement of Recommended Practice for the UGC-Funded Institutions and are not designed to fully comply with the requirements of HKFRS 8 'Operating Segments'. Other Activities 2015 Donation Activities Research Activities Self-financing CPEP Activities 非教資會資助活動 Non-UGC Funded Activities Inter-segment Transaction Elimination UGC-Funded Activities UGC-Funded Activities Inter-segment Transaction Elimination Self-financing CPEP Activities 2016 非教資會資助活動 Non-UGC Funded Activities Research Activities Donation Activities Other Activities 19 政府資助及撥款 GOVERNMENT SUBVENTIONS AND GRANTS 總計 Total 教資會 指定科研撥款其他教資會 教資會指定撥款 整筆撥款配對撥款科研活動所得捐款活動其他活動 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million 年度 / Year 2016 教資會整筆經常撥款及指定撥款(附註15) 1,954 175 22 0 0 0 0 2,151 配對撥款0 0 0 0 0 0 0 0 Matching Grants 政府有關機構撥款(附註15) 0 0 0 0 132 0 5 137 Grants from Government Agencies (Note 15) 退還差餉及地租46 0 0 0 0 0 0 46 Rates and Government Rent Refunds 2,000 175 22 0 132 0 5 2,334 年度 / Year 2015 教資會整筆經常撥款及指定撥款(附註15) 1,872 167 23 0 0 0 0 2,062 配對撥款0 0 0 21 0 1 0 22 Matching Grants 政府有關機構撥款(附註15) 0 0 0 0 113 0 0 113 Grants from Government Agencies (Note 15) 退還差餉及地租44 0 0 0 0 0 0 44 Rates and Government Rent Refunds 1,916 167 23 21 113 1 0 2,241 3.2 利息及投資收入 INTEREST AND INVESTMENT INCOME 2016 2015 百萬元百萬元 $million $million 利息收入23 35 Interest income 按公平值透過損益記賬之財務資產之公平值變動(30) (132) 可供出售財務資產之投資收入1 1 (6) (96) Donation Activities Other UGC Earmarked Grants Other Activities 非教資會資助活動 Non-UGC Funded Activities 教資會資助活動 UGC-Funded Activities Matching Grants UGC Block Grant Research Activities Change in fair value of Financial Assets at Fair Value through Profit or Loss Investment income on Available-for-Sale Financial Assets UGC Earmarked Research Grants UGC Recurrent Block Grant and Earmarked Grants (Note 15) UGC Recurrent Block Grant and Earmarked Grants (Note 15) 20 3.1 3.3 輔助服務及其他收入 AUXILIARY SERVICES AND OTHER INCOME 教資會 資助活動 總計 Total 自負盈虧之 持續進修 教育活動 科研活動所得捐款活動其他活動 百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million 年度 / Year 2016 研究合約0 0 82 0 0 82 Research Contract 學生宿舍0 0 0 0 104 104 Student Hostels 租金收入6 0 0 0 45 51 Rental Income 教職員繳納之租金40 0 0 0 0 40 Rental Contribution from Staff 服務收費、項目收入及其他贊助 2 14 11 3 11 41 項目贊助(附註15) 0 0 23 0 0 23 Projects Sponsorships (Note 15) 雜項收入1 3 0 0 8 12 Miscellaneous 49 17 116 3 168 353 年度 / Year 2015 研究合約0 0 83 0 0 83 Research Contract 學生宿舍0 0 0 0 92 92 Student Hostels 租金收入6 0 0 0 40 46 Rental Income 教職員繳納之租金39 0 0 0 0 39 Rental Contribution from Staff 服務收費、項目收入及其他贊助 3 8 9 2 30 52 項目贊助(附註15) 0 0 22 0 0 22 Projects Sponsorships (Note 15) 雜項收入3 1 2 0 7 13 Miscellaneous 51 9 116 2 169 347 Services Fees, Workshop Income and Other Sponsorships Services Fees, Workshop Income and Other Sponsorships 非教資會資助活動 Non-UGC Funded Activities UGC-Funded Activities Research Activities Donation Activities Other Activities Self-financing CPEP Activities 21 3.4 開支 EXPENDITURE 薪酬及福利其他營運支出折舊及攤銷 Depreciation and 總計 Amortisation Total 百萬元百萬元百萬元百萬元 $million $million $million $million 年度 / Year 2016 教學、學術及研究 Teaching, Learning and Research 教學及研究1,698 742 88 2,528 Teaching and Research 圖書館61 46 1 108 Library 中央電腦設備75 34 9 118 Central Computing Facilities 其他教學服務89 16 1 106 Other Academic Services 小計1,923 838 99 2,860 Sub-total 校務支援 Institutional Support 管理及一般事務192 89 8 289 Management and General 校舍及有關費用155 254 165 574 Premises and Related Expenses 學生及一般教育服務93 152 1 246 Student and General Education Services 其他活動2 47 0 49 Other Activities 小計442 542 174 1,158 Sub-total 總開支2,365 1,380 273 4,018 Total Expenditure 年度 / Year 2015 教學、學術及研究 Teaching, Learning and Research 教學及研究1,655 713 79 2,447 Teaching and Research 圖書館58 45 1 104 Library 中央電腦設備68 34 25 127 Central Computing Facilities 其他教學服務82 13 2 97 Other Academic Services 小計1,863 805 107 2,775 Sub-total 校務支援 Institutional Support 管理及一般事務178 60 3 241 Management and General 校舍及有關費用149 243 156 548 Premises and Related Expenses 學生及一般教育服務89 147 1 237 Student and General Education Services 其他活動3 29 0 32 Other Activities 小計419 479 160 1,058 Sub-total 總開支2,282 1,284 267 3,833 Total Expenditure 薪金及福利包括大學為界定供款退休金計劃所支付之供款共一億八千四百萬元(2015：一億七千八百萬元)。 Salaries and Benefits Included in Salaries and Benefits was a total sum of $184 million (2015: $178 million) representing the University's contributions towards defined contribution retirement benefits schemes. Other Operating Expenses 22 4. 高收入員工薪酬 REMUNERATION OF HIGHER PAID STAFF 2016 2015 年薪等值 Annual Equivalent Remuneration HK$ 1,800,001 - 1,950,000 46 43 HK$ 1,950,001 - 2,100,000 44 43 HK$ 2,100,001 - 2,250,000 48 44 HK$ 2,250,001 - 2,400,000 38 41 HK$ 2,400,001 - 2,550,000 23 19 HK$ 2,550,001 - 2,700,000 19 23 HK$ 2,700,001 - 2,850,000 19 12 HK$ 2,850,001 - 3,000,000 10 8 HK$ 3,000,001 - 3,150,000 11 10 HK$ 3,150,001 - 3,300,000 7 4 HK$ 3,300,001 - 3,450,000 5 4 HK$ 3,450,001 - 3,600,000 2 4 HK$ 3,600,001 - 3,750,000 2 2 HK$ 3,750,001 - 3,900,000 2 1 HK$ 3,900,001 - 4,050,000 2 0 HK$ 4,650,001 - 4,800,000 0 1 HK$ 4,950,001 - 5,100,000 0 1 HK$ 5,100,001 - 5,250,000 1 1 HK$ 5,250,001 - 5,400,000 1 0 HK$ 6,150,001 - 6,300,000 1 0 HK$ 6,450,001 - 6,600,000 0 1 HK$ 6,600,001 - 6,750,000 1 0 Number of Employees 員工數目 Remuneration includes salary, gratuity, contribution to retirement schemes, consultancy fees paid by the Group, housing and other benefits. For staff who are provided with quarters, their housing benefits are calculated by reference to the rateable values assessed by the Rating and Valuation Department of the Government of The Hong Kong Special Administrative Region. 薪俸包括薪金、約滿酬金、退休金計劃供款、集團所支付之顧問費用、房屋及其他津貼。獲大學提 供宿舍者，其房屋福利以香港特別行政區政府差餉物業估價署評估其宿舍之應課差餉租值計算。 23 5. 稅項 TAXATION 集團沒有就其未獲豁免繳稅之中國附屬公司作出中國企業稅撥備(2015年：無)，因本年度並沒有應課稅之盈利。 本集團有關利得稅之計算稅項有別於採用集團本年度營運盈餘 / 虧損計算之稅率分析如下： 2016 2015 百萬元百萬元 $million $million 本年度營運盈餘 / (虧損) 300 (5) Surplus / (Deficit) from operation for the year 按稅率16.5% (2015：16.5%) 計算之稅項50 (1) Tax calculated at a tax rate of 16.5% (2015: 16.5%) 無需課稅收入的稅務影響(687) (607) Tax effect of non-taxable income 不可扣減支出的稅務影響637 611 Tax effect of non-deductible expenses 其他差額0 (3) Other differences 稅項0 0 Taxation charge Deferred income tax assets are recognised for tax losses carried forward to the extent that the realisation of the related tax benefit through future taxable profits is probable. The PRC subsidiaries of the Group have not recognised deferred income tax assets of approximately $25.6 million (2015: $20.1 million) in respect of cumulative losses amounting to approximately $105.3 million (2015: $80.4 million). The tax losses for the PRC subsidiaries will expire on various dates up to 2021. The unrecognised tax loss of approximately $3.1 million (2015: $2.9 million) for a Hong Kong subsidiary has no expiry date. 大學及其一香港附屬公司均根據香港稅務條例第88條之規定獲豁免繳付稅項，因此不需作出撥備。 No People's Republic of China ('PRC') enterprise income tax has been provided (2015: Nil) for non-tax exempt PRC subsidiaries as there are no assessable profits for the year. The tax on the surplus / deficit from operation for the year differs from the theoretical amount that would arise using the tax rate applicable to the surplus of the Group as follows: 當累積稅項虧損有可能經未來應課稅盈利而帶來利益，集團才確認遞延稅項資產。本集團之中國附屬公司未有確認 之遞延稅項資產為約二千五百六十萬元(2015年：二千零十萬元)，其來自累積虧損約一億零五百三十萬元(2015年： 八千零四十萬元)。該筆中國附屬公司稅項虧損將逐步於2021年前期間到期。香港一附屬公司之未確認稅項虧損為 約三百一十萬元(2015年：二百九十萬元)並沒有期限。 No Hong Kong profits tax has been provided (2015: Nil) for a non-tax exempt subsidiary in Hong Kong as that subsidiary has sufficient tax losses brought forward to offset against estimated assessable profits for the year. No taxation is provided for the operation of the University and one of its subsidiaries in Hong Kong, which are exempt from taxation by virtue of Section 88 of the Inland Revenue Ordinance. 集團沒有就其一未獲豁免繳稅之香港附屬公司作出香港利得稅撥備(2015年：無)，因該附屬公司有足夠的稅項虧損 以抵銷本年度預計應課稅之盈利。 24 6. 物業、機器及設備 PROPERTY, PLANT AND EQUIPMENT 在建工程傢具及設備 樓宇總計 Buildings Total 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 成本 COST 2014年6月30日之結餘5,744 517 0 1,903 8,164 Balance as at 30 June 2014 添置11 255 94 149 509 Additions 轉撥509 (660) 151 0 0 Transfers 撇減0 0 0 (58) (58) Disposals 匯兌差額1 0 0 0 1 Exchange translation difference 2015年6月30日之結餘6,265 112 245 1,994 8,616 Balance as at 30 June 2015 添置2 158 194 89 443 Additions 轉撥222 (258) 36 0 0 Transfers 撇減0 0 0 (65) (65) Disposals 匯兌差額(8) 0 0 (7) (15) Exchange translation difference 2016年6月30日之結餘6,481 12 475 2,011 8,979 Balance as at 30 June 2016 累積折舊 ACCUMULATED DEPRECIATION 2014年6月30日之結餘1,895 0 0 1,718 3,613 Balance as at 30 June 2014 本年度計算之折舊125 0 12 111 248 Charge for the year 撇減0 0 0 (58) (58) Disposals 匯兌差額0 0 0 0 0 Exchange translation difference 2015年6月30日之結餘2,020 0 12 1,771 3,803 Balance as at 30 June 2015 本年度計算之折舊124 0 22 123 269 Charge for the year 撇減0 0 0 (65) (65) Disposals 匯兌差額(1) 0 0 (3) (4) Exchange translation difference 2016年6月30日之結餘2,143 0 34 1,826 4,003 Balance as at 30 June 2016 賬面淨值 NET BOOK VALUE 2016年6月30日之結餘4,338 12 441 185 4,976 Balance as at 30 June 2016 2015年6月30日之結餘4,245 112 233 223 4,813 Balance as at 30 June 2015 以上之物業、機器及設備按直線法依照下列年率計算折舊： The above items of property, plant and equipment are depreciated on a straight-line basis at the following rates per annum: 樓宇裝修、大型設備及設備系統每年5% Building improvements, major equipment and services systems 5% per annum 傢具及設備每年20% - 25% Fixtures and equipment 20% - 25% per annum Construction in progress Fixtures and equipment 樓宇裝修、大型設備 及設備系統 Building improvements, major equipment and services systems 大學校舍座落於西貢約六十公頃之土地，由香港特別行政區政府(「香港特區政府」)按名義租金批出，為期五十八年，至2047年6月30日止。校園樓宇按直線法依照每年2%計算折 舊。 在2012年12月21日，香港特區政府按名義租金及以370：150之比例批予大學及香港浸會大學(「浸大」)一幅位於將軍澳約三千四百九十平方米之土地作為興建一座合辦學生宿舍之用 ，為期五十年，至2062年12月20日止。根據兩位受批者於2015年4月23日所簽下的撤銷合同中，浸大退出該項合建項目，以及雙方同意以無代價轉讓及分配由浸大所持有該土地的所 有權利、產權及權益給大學。待發出新的批地証之際，大學於以上提及的合同簽訂日起已被視作為獨自擁有該項物業之所有權益。 On 21 December 2012, a piece of land situated in Tseung Kwan O of approximately 3,490 square metres was granted to the University and The Hong Kong Baptist University ('BU') in the proportion of 370:150 by the Government of the HKSAR at a nominal rent for the construction of a joint student hostel for a lease of 50 years up to 20 December 2062. Pursuant to the Cancellation Agreement signed by both grantees on 23 April 2015, BU withdrew from the joint construction project and both parties agreed the transfer and assignment of all the rights, title and interest in the land held by BU to the University at nil consideration. Pending issue of the new land grant, the University is deemed to have possession of the sole ownership of the property with effect from the aforesaid agreement signing date. The University campus is situated on approximately 60 hectares of land in Sai Kung under lease from the Government of The Hong Kong Special Administrative Region ('HKSAR') at a nominal rent for 58 years through 30 June 2047. The campus buildings are depreciated on a straight-line basis at 2% per annum. A piece of land situated at Shenzhen of approximately 7,437 square metres was granted at a nominal amount to HKUST R&D Corporation (Shenzhen) Limited, a subsidiary of the Group, by the Shenzhen Municipal Government for the construction of an Industry-Education-Research base for 50 years through 28 June 2057. The respective building is depreciated over the remaining lease term. 深圳市政府按名義租金批予集團其中一間附屬公司─ 港科大研究開發(深圳)有限公司一幅位於深圳約七千四百三十七平方米之土地作為興建產學研基地之用，為期五十年，至2057 年6月28日止。該等樓宇按餘下租約年期計算折舊。 25 7. 無形資產 INTANGIBLE ASSETS 電腦軟件 Computer Software 百萬元 $million 成本 COST 2014年6月30日之結餘97 Balance as at 30 June 2014 添置4 Additions 撇減0 Disposals 2015年6月30日之結餘101 Balance as at 30 June 2015 添置5 Additions 撇減(1) Disposals 2016年6月30日之結餘105 Balance as at 30 June 2016 攤銷 AMORTISATION 2014年6月30日之結餘76 Balance as at 30 June 2014 本年度計算之攤銷19 Amortisation charge for the year 撇減0 Disposals 2015年6月30日之結餘95 Balance as at 30 June 2015 本年度計算之攤銷4 Amortisation charge for the year 撇減(1) Disposals 2016年6月30日之結餘98 Balance as at 30 June 2016 賬面淨值 NET BOOK VALUE 2016年6月30日之結餘7 Balance as at 30 June 2016 2015年6月30日之結餘6 Balance as at 30 June 2015 電腦軟件資產按直線法每年25%計算攤銷。 Computer software is amortised on a straight-line basis at 25% per annum. 26 8. 財務資產 FINANCIAL ASSETS 2016 2015 百萬元百萬元 $million $million 持至到期日財務資產，按攤銷成本 Held-to-Maturity Financial Assets, at amortised cost 上市2 2 Listed 非上市69 106 Unlisted 71 108 於一年內到期0 37 Maturing within one year 於一年後到期71 71 Maturing after one year 71 108 按公平值透過損益記賬之財務資產(附註a) Financial Assets at Fair Value through Profit or Loss (Note a) 上市股權基金1,611 1,150 Listed Equity Funds 非上市股權基金957 941 Unlisted Equity Funds 上市固定收入基金609 0 Listed Fixed Income Funds 非上市固定收入基金1,007 1,108 Unlisted Fixed Income Funds 非上市實物基金524 552 Unlisted Real Assets Funds 非上市對沖基金533 407 Unlisted Hedge Funds 非上市私人投資34 13 Unlisted Private Investments 5,275 4,171 可供出售財務資產 Available-for-Sale Financial Assets 非上市股權證券，按成本(附註b) 1 1 Unlisted Equity Securities, at cost (Note b) 上市股權證券，按市值17 21 Listed Equity Securities, at market value 18 22 財務資產主要以港元及美元為單位。 Financial assets are mainly denominated in Hong Kong dollars and United States dollars. 附註 : Notes : (a) 公平值乃參考活躍市場或基金經理報價釐定。 The fair value was determined by reference to bid prices quoted in active markets or by fund managers. (b) The unlisted available-for-sale equity securities at cost, represent investments in unlisted equities issued by private entities, which are held by the Group. These investments are typically held for the long term and are not part of the investment fund which is invested in active markets. The unlisted available-for-sale equity securities are valued at cost less impairment at each balance sheet date as Management is of the opinion that fair value cannot be measured reliably. 按成本計的非上市股權證券為集團持有由私人公司發行之非上市股權證券的投資。該等投資一貫是作長期持有並不包括在投資於活躍市場 的投資基金內。非上市股權證券乃按成本扣除結算日減值計量，因集團管理層認為其公平值不能可靠計量。 27 9. 於聯營公司權益 INTEREST IN AN ASSOCIATE 2016 2015 百萬元百萬元 $million $million 所佔淨資產73 64 Share of net assets 擁有權益 業務Proportion of 架構模式Nominal Value of Form of Issued Capital 持有股本類別 Business Held by Class of 主要活動 Structure the Group Shares Held Principal Activity 深港產學研基地事業法人單位33% 注入資本 2016 2015 百萬元百萬元 $million $million 下文載列為聯營公司之財務資料概要： The summarised financial information in respect of the associate is set out below: 總資產241 244 Total assets 總負債(21) (50) Total liabilities 資產淨值220 194 Net assets 集團應佔聯營公司之資產淨值73 64 Group's share of net assets of the associate 營業額40 40 Turnover 本年度溢利45 2 Profit for the year 集團年內應佔聯營公司業績15 1 Group's share of results of the associate for the year To engage in technology commercialization, incubation of start-up companies, provision of research and technology management services, training of senior management and administrative executives. Capital Contribution 註冊及營運地點 致力於科技商業化，培育 新公司，提供研究和技術 管理服務，培訓高級管理 人員及行政專才。 Place of Incorporation and Operation 中華人民共和國 Institutional People's Republic of China Organization 聯營公司名稱 PKU-HKUST Shenzhen-Hong Kong Institution Name of Associate 28 10. 於合資企業權益 INTEREST IN A JOINT VENTURE 2016 2015 百萬元百萬元 $million $million 所佔淨資產0 (1) Share of net assets 擁有股權 註冊及營運地點Proportion of 業務架構模式Place of Nominal Value Form of Incorporation 持有股本類別of Issued Percentage of 業務性質 Business and Class of Capital Held by Voting Power Structure Operation Shares Held the Group of the Board 中外合資中華人民共和國注入資本51% 60% 註： Note: 本集團預計該合資企業將結業，因此於2014/15年度為該合資企業負資產作出撥備。股東已為該合資企業進行結業程序，並預期於2016/17年 度完成。 In anticipation of the closure of the joint venture, the Group had made a provision against the net liabilities of the joint venture in 2014/15. The shareholders had started the closure process of ZAMI and it is expected to be completed in 2016/17 financial year. 於董事局之投 票權 合資企業名稱 Name of Joint Venture 浙江港科大先進製造研究 所有限公司( 「浙江港科 大」) Nature of Business People's Republic of China Capital contribution The Group holds 51% of the share capital of ZAMI and has appointed 3 out of 5 directors on the Board representing 60% of voting power of the Board. However, under the memorandum and articles of association and shareholders' agreement of ZAMI, all significant events including financial and operating policies must be mutually agreed by the Group and the other significant shareholder. Therefore, ZAMI is classified as a joint venture of the Group. Sino-foreign joint venture 集團持有“浙江港科大”之51%股權，並於五席之董事局內佔有三席，相當於60%之投票權。但是，根據“浙江港科大”之公司章程及股東 協議，所有重大之事項包括財務及營運之決策必須得到集團及另一主要股東一致決議通過，因此，集團把“浙江港科大”歸類為合資企 業。 促進製造業的 研究工作 Promotion of research for manufacturing business Zhejiang Advanced Manufacturing Institute of HKUST Co. Ltd. ('ZAMI') 29 11. 應收賬款及預付款項 ACCOUNTS RECEIVABLE AND PREPAYMENTS 2016 2015 百萬元百萬元 $million $million 預付款項及按金38 33 Prepayments and Deposits 應收賬款149 169 Accounts Receivable 187 202  應收賬款於發出通知後須立即償還。 Accounts receivable are repayable on demand.   應收賬款主要以港元為單位。 The accounts receivable are mainly denominated in Hong Kong dollars. 在衡量應收賬款之還款能力時，集團考慮其由給予信貸日至報告日期間之信貸質素變化。已過期 而無作減值撥備之應收賬款已於本報告日前清付或相關應收賬款過往並無拖欠還款。故此，校董 會認為無需就應收賬款作減值撥備，本集團並無就該等結餘持有任何抵押。 In determining the recoverability of accounts receivable, the Group considers any change in the credit quality of the accounts receivable from the date credit was initially granted up to the financial statements' report date. The accounts receivable past due but not provided for were either subsequently settled as at the date of this report or without historical default of payments by the respective debtor. Accordingly, the Council believes that there is no impairment provision required on these accounts receivable as at the balance sheet date. The Group does not hold any collateral over these balances. 30 12. 現金及等同現金 CASH AND CASH EQUIVALENTS 2016 2015 百萬元百萬元 $million $million 原到期日為三個月或以下之定期存款729 520 Bank Deposits with Original Maturity within Three Months 現金及銀行結餘159 167 Cash at Banks and in Hand 888 687 13. 應付賬款及應計費用 ACCOUNTS PAYABLE AND ACCRUALS 2016 2015 百萬元百萬元 $million $million 應付賬款及應計費用700 660 Accounts Payable and Accruals 應付賬款及應計費用主要以港元為單位。 The accounts payable and accruals are mainly denominated in Hong Kong dollars. 31 14. 教職員福利撥備 PROVISION FOR STAFF BENEFITS 2016 2015 百萬元百萬元 $million $million 退職金88 79 Gratuities 代假期金及其他106 106 Leave Pay and Others 194 185 應付於： Payable: 一年內165 163 Within 1 year 一年後29 22 After 1 year 194 185 32 15. 遞延收益 DEFERRED INCOME 教資會 指定科研撥款其他教資會 教資會指定撥款 整筆撥款科研活動所得捐款活動其他活動 總計 Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million 2014年6月30日之結餘0 251 184 143 26 0 604 Balance as at 30 June 2014 已收 / 應收之款項1,968 179 239 132 38 0 2,556 Amount received / receivable (註) (Note) 計入綜合全面收益表 Credited to consolidated statement of comprehensive income - 政府資助及撥款(附註3.1) (1,872) (167) (23) (113) 0 0 (2,175) Government Subventions and Grants (Note 3.1) - 項目贊助(附註3.3)或捐款0 0 0 (22) (11) 0 (33) Projects Sponsorships (Note 3.3) or Donations (1,872) (167) (23) (135) (11) 0 (2,208) 轉至遞延資本基金(附註16) (96) (13) (150) (28) (6) 0 (293) Transfer to Deferred Capital Funds (Note 16) 外幣換算之差額0 0 0 0 0 0 0 Exchange differences arising from retranslation 2015年6月30日之結餘0 250 250 112 47 0 659 Balance as at 30 June 2015 已收 / 應收之款項2,073 191 183 175 28 21 2,671 Amount received / receivable (註) (Note) 計入綜合全面收益表 Credited to consolidated statement of comprehensive income - 政府資助及撥款(附註3.1) (1,954) (175) (22) (132) 0 (5) (2,288) Government Subventions and Grants (Note 3.1) - 項目贊助(附註3.3)或捐款0 0 0 (23) (5) 0 (28) Projects Sponsorships (Note 3.3) or Donations (1,954) (175) (22) (155) (5) (5) (2,316) 轉至遞延資本基金(附註16) (119) (9) (156) (11) (29) 0 (324) Transfer to Deferred Capital Funds (Note 16) 外幣換算之差額0 0 0 (3) 0 0 (3) Exchange differences arising from retranslation 2016年6月30日之結餘0 257 255 118 41 16 687 Balance as at 30 June 2016 註: 款項源於承諾捐款(附註18)。 Note: The amounts were from pledged donations (Note 18). Other Activities Non-UGC funded Activities 教資會資助活動 非教資會資助活動 UGC-funded Activities Donation Activities UGC Earmarked Research Grants Other UGC Earmarked Grants UGC Block Grant Research Activities 33 16. 遞延資本基金 DEFERRED CAPITAL FUNDS 百萬元 $million 2014年7月1日之結餘，重編3,656 Balance as at 1 July 2014, restated 經遞延收益賬資金購置之項目(附註24.14 / 24.15) Items funded through Deferred Income Account (Notes 24.14 / 24.15) 相當於添置物業、機器及設備及電腦軟件之款項轉撥自遞延收益(附註15) 293 相當於折舊及攤銷之款項轉撥至綜合全面收益表(220) 外幣換算之差額1 Exchange differences arising from retranslation 2015年6月30日之結餘，重編3,730 Balance as at 30 June 2015, restated 經遞延收益賬資金購置之項目(附註24.14 / 24.15) Items funded through Deferred Income Account (Notes 24.14 / 24.15) 相當於添置物業、機器及設備及電腦軟件之款項轉撥自遞延收益(附註15) 324 相當於折舊及攤銷之款項轉撥至綜合全面收益表(217) 外幣換算之差額(2) Exchange differences arising from retranslation 2016年6月30日之結餘3,835 Balance as at 30 June 2016 Amounts equivalent to additions to Property, Plant and Equipment and Computer Software transferred from Deferred Income (Note 15) Amounts equivalent to depreciation and amortisation charges transferred to Consolidated Statement of Comprehensive Income Amounts equivalent to additions to Property, Plant and Equipment and Computer Software transferred from Deferred Income (Note 15) Amounts equivalent to depreciation and amortisation charges transferred to Consolidated Statement of Comprehensive Income 34 17. 教資會基金、限制性基金及其他基金 UGC FUNDS, RESTRICTED FUNDS AND OTHER FUNDS 一般及發展儲備研究項目及其他投資重估儲備 配對撥款資本基金指定捐款資本基金非指定捐款資本基金 小計留本基金小計其他小計總計 Sub-total Endowments Sub-total Others Sub-total Total 百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million $million $million $million $million $million $million $million $million $million $million 2014年6月30日之結餘，重編1,173 82 1,176 6 2,437 580 320 14 914 735 5 896 1,513 3,149 6,500 Balance as at 30 June 2014, restated 本年度稅後盈餘 / (虧損) 31 (31) (54) 0 (54) 40 (23) 0 17 (52) 0 0 84 32 (5) Surplus / (Deficit) for the year after taxation 於可供出售財務資產未實現之盈利0 0 0 0 0 0 0 0 0 0 3 0 0 3 3 Unrealised gain on Available-for-Sale Financial Assets 外幣換算之差額0 0 0 0 0 0 1 0 1 0 0 0 (1) (1) 0 Exchange difference arising from retranslation 轉撥自 / (至)資本基金(附註24.14) 0 2 0 (2) 0 0 (10) 10 0 (145) 0 165 (20) 0 0 Transfer from / (to) Capital Funds (Note 24.14) 其他資金轉撥(40) 40 0 0 0 129 (129) 0 0 0 0 0 0 0 0 Other inter-fund transfer 2015年6月30日之結餘，重編1,164 93 1,122 4 2,383 749 159 24 932 538 8 1,061 1,576 3,183 6,498 Balance as at 30 June 2015, restated 本年度稅後盈餘 / (虧損) 67 (37) (58) 0 (28) 263 (24) 0 239 (44) 0 0 149 105 316 Surplus / (Deficit) for the year after taxation 於可供出售財務資產未實現之虧絀0 0 0 0 0 0 0 0 0 0 (4) 0 0 (4) (4) Unrealised loss on Available-for-Sale Financial Assets 外幣換算之差額0 0 0 0 0 0 0 (1) (1) 0 0 (8) (6) (14) (15) Exchange difference arising from retranslation 轉撥自 / (至)資本基金(附註24.14) 0 1 0 (1) 0 0 9 (9) 0 (31) 0 78 (47) 0 0 Transfer from / (to) Capital Funds (Note 24.14) 其他資金轉撥(37) 37 0 0 0 12 (5) 0 7 (7) 0 0 0 (7) 0 Other inter-fund transfer 2016年6月30日之結餘1,194 94 1,064 3 2,355 1,024 139 14 1,177 456 4 1,131 1,672 3,263 6,795 Balance as at 30 June 2016 教資會基金 UGC Funds (a) 一般及發展儲備基金為未動用之教資會整筆撥款。於某撥款期(通常為三年期)結束時可調撥到下一個撥款期的一般及發展儲備基金結餘以本校獲批核之整筆撥款的20%為限。倘若一般及發展儲備基金於撥款期結束時之結餘超過撥款期核准上限，超出部分須退還予教資會。 (b) 研究項目及其他為轉撥自教資會整筆撥款的個別科研項目專用基金。 Research Projects and Others represent UGC Block Grant set aside for individual research projects. (c) 配對撥款為教資會配對撥款計劃之基金結餘。根據教資會頒布的條例，此基金需用於教資會範疇內之活動。 Matching Grants represent unspent funds from UGC's Matching Grant Schemes. According to the rules and regulations promulgated by the UGC, these funds have to be used for activities within UGC ambit. (d) 資本基金 - 參考附註24.14。 Capital Funds - see note 24.14. 限制性基金 Restricted Funds (a) 留本基金是本大學根據捐贈者的意願保持本金不動的基金並只以其產生的收入去支持大學特定活動。 Endowments represent the funds which the University would, according to the wishes of the donors, keep the principal intact and only use income generated from the fund to support designated activities of the University. (b) 指定捐款是指明用於本大學特定活動、課程或項目(樓宇建築除外)的捐贈基金。 Designated Donations represent funds earmarked for specific activities, programs or projects of the University, other than for construction of buildings. (c) 資本基金 - 參考附註24.14。 Capital Funds - see note 24.14. 其他基金 Other Funds (a) 非指定捐款為無指定用途的捐贈基金。 Unspecified Donations represent general donations without donor-specified purposes. (b) 投資重估儲備是可供出售財務資產之公平值變動產生之未變現盈虧。 Investment Revaluation Reserve represents the fair value gain or loss of Available-for-Sale Financial Assets. (c) 資本基金 - 參考附註24.14。 Capital Funds - see note 24.14. (d) 其他基金來於自負盈虧的活動。 Other Funds represent funds generated from self-financing activities. General and Development Reserve Fund represents the unspent UGC Block Grants. The balance of the GDRF at the end of a funding period (usually a triennium) that can be carried over to the next funding period is limited to a maximum of 20% of the University's approved Block Grants for that funding period. Should the balance of the GDRF at the end of the funding period exceed the ceiling allowed, the excess amount is refundable to the UGC. 其他基金 UGC Funds Restricted Funds Other Funds Designated Donations Unspecified Donations 教資會基金限制性基金 Capital Funds Capital Funds Matching Grants Capital Funds Investment Revaluation Reserve General and Development Reserve Research Projects and Others 35 18. 承諾捐款 PLEDGED DONATIONS 資本項目其他活動 之所得捐款之所得捐款 總計 Total 百萬元百萬元百萬元 $million $million $million 於2014月30日未兌現之款額26 120 146 Outstanding amount as at 30 June 2014 新增之承諾捐款110 74 184 New pledges 在本年度已收之捐款並於綜合全面收益表確認0 (75) (75) 在本年度已收之捐款並記入遞延收益賬項(附註15) (27) (11) (38) Amounts received during the year credited to Deferred Income (Note 15) 於2015年6月30日未兌現之款額109 108 217 Outstanding amount as at 30 June 2015 新增之承諾捐款(附註a) 410 363 773 New pledges (Note a) 在本年度已收之捐款並於綜合全面收益表確認(附註b) 0 (311) (311) 在本年度已收之捐款並記入遞延收益賬項(附註15) (19) (9) (28) Amounts received during the year credited to Deferred Income (Note 15) 不需動用的承諾捐款0 (1) (1) Excess pledges not utilised 於2016年6月30日未兌現之款額500 150 650 Outstanding amount as at 30 June 2016 附註(a)： Note (a): 新增之承諾捐款當中，兩筆共一億八千萬元的捐款為興建兩個待校董會批准的建設項目。 附註(b)： Note (b): 2016 2015 捐款收入百萬元百萬元 Donation Income $million $million 在本年度已收並於綜合全面收益表直接確認之承諾捐款 311 75 5 11 在本年度綜合全面收益表確認之捐款收入(第6頁) 316 86 Total donation income recognised in consolidated statement of comprehensive income during the year (page 6) Amount of pledged donations received during the year and recognised directly in consolidated statement of comprehensive income Amount of pledged donations initially credited to Deferred Income and subsequently recognised in consolidated statement of comprehensive income during the year (Note 15) Donations for Other Activities Donations for Capital Projects Amount received during the year recognised in consolidated statement of comprehensive income Amount received during the year recognised in consolidated statement of comprehensive income (Note b) 先記入遞延收益賬項並其後於本年度綜合全面收益表確認之承諾捐款(附註15) Out of the new pledges, two sum of donations, totalling $180 million, were pledged for two yet-to-be Council-authorised construction projects. 36 19. 財務風險管理 FINANCIAL RISK MANAGEMENT 19.1 金融工具分類 CATEGORIES OF FINANCIAL INSTRUMENTS 2016 2015 百萬元百萬元 $million $million 財務資產 Financial Assets 貸款及應收款 Loans and Receivables 應收賬款及按金153 172 Accounts receivable and deposits 原到期日超過三個月之定期存款716 1,661 Bank deposits with original maturity over three months 現金及等同現金888 687 Cash and cash equivalents 可供出售財務資產18 22 Available-for-Sale Financial Assets 按公平值透過損益記賬之財務資產5,275 4,171 Financial Assets at Fair Value through Profit or Loss 持至到期日財務資產71 108 Held-to-Maturity Financial Assets 7,121 6,821 財務負債 Financial Liabilities 其他按攤銷成本入賬之財務負債 Other Financial Liabilities at Amortised Cost 應付賬款及應計費用355 380 Accounts Payable and Accruals 19.2 金融工具產生之風險19.2 集團活動承受各種財務風險：如市場風險(包括外匯 風險、利率風險及價格風險)、信貸風險及流動資金 風險。集團風險管理著重於控制因財務市場的不能預 計因素而引起的影響與及從外委聘專業顧問以求對本 集團財務表現的潛在負面影響減至最低。行政部門會 肩負起日常風險管理責任及定期監察集團面對的風 險。 RISKS ARISING FROM FINANCIAL INSTRUMENTS The Group's activities expose it to a variety of financial risks: market risk (including foreign currency risk, interest rate risk and price risk), credit risk and liquidity risk. The Group's overall risk management focuses on controlling the impact arising from unpredictability of financial markets and seeks to minimise potential adverse effects on the Group's financial performance by engaging external professional advisors. The Administration assumes the day-to-day risk management responsibility and monitors regularly the risk exposures of the Group. 37 19. 財務風險管理(續) 19. FINANCIAL RISK MANAGEMENT (Cont'd) 19.2 金融工具產生之風險(續) 19.2 (a) 市場風險(a) Market risk (i) 外匯風險(i) Foreign currency risk (ii) 利率風險(ii) Interest rate risk 集團需承受由定期存款所產生的利率風險。因定 期存款通常在三個月至六個月內到期，所以其風 險不高。假設其他可變動項目保持不變，倘利率 上升或下跌五十個基點，集團截至2016年6月30 日止年度的盈餘會增加/ 減少約七百二十萬元 (2015年為一千零九十萬元)。 The Group is exposed to interest rate risk in relation to its fixed deposits. As the fixed deposits usually mature within three to six months, the risk exposure is considered not material. If interest rates had been 50 basis points higher / lower, with all other variables held constant, the Group's surplus for the year ended 30 June 2016 would increase / decrease by approximately $7.2 million (2015: $10.9 million). 於2016年6月30日，以港元、美元、人民幣及其 他幣值計值的金融資產值約分別佔總金融資產 值的20.4%(2015 年為32.1%) 、74.8%(2015 年為 63.3%) 、4.3%(2015 年為4.5%) 及0.5%(2015 年為 0.1%)。 預期長遠而言貨幣波動對投資組合表現的影響較 少，因此正常情況下不會安排非美元貨幣的對 沖。我們將會定期對現有的貨幣風險管理政策進 行檢討，必要時或會進行對沖安排。 集團面對之外匯風險主要來自投資經理管理之美 元計值投資。但由於港元與美元掛鈎，集團預期 因港元與美元匯率變化而產生之風險不大。 市場風險是因匯率、利率及股票價格等市場變數出現 變動而引致財務資產出現虧損的風險。本集團承受的 市場風險主要來自其持有的投資資金。本集團的投資 包括股本證券、債券、實物投資基金、對沖基金、私 人投資及定期存款。本集團的投資策略是審慎地投資 以保障本金及實現適當分散風險，同時在長遠期間取 得穩定回報及流動資金。本集團從外委聘顧問和投資 經理管理部分投資，也授權財務處管理定期存款及其 中一些定息工具。 RISKS ARISING FROM FINANCIAL INSTRUMENTS (Cont'd) Since currency movements tend to have a much smaller impact on portfolio performance in the long run, no hedging for non-USD currency exposure will be arranged under normal circumstances. Such currency exposure management policy is subject to periodic review and hedging may be arranged when situation warrants. Market risk represents the risk that the value of financial assets will decrease as a result of movements in market variables such as foreign currency exchange rates, interest rates and stock prices. The Group is exposed to market risk mainly through the investment funds it holds. The Group's investments comprise equities, debt securities, real assets investment funds, hedged funds, private investments and fixed deposits. The investment strategy of the Group is to invest prudently in order to preserve capital and achieve optimal risk diversification while generating a stable return over the long term and the required liquidity. The Group employs external advisors and investment managers to manage a portion of its investments, and delegates to the Finance Office of the University to manage fixed deposits and some of the fixed income instruments. The Group is exposed to foreign currency risks primarily arising from its United States dollars ('USD') denominated investments that are managed by investment managers. As HKD is pegged to the USD, the Group considers the risk from movements in exchange rates between the HKD and USD to be insignificant. As at 30 June 2016, the percentages of financial assets denominated in HKD, USD, RMB and other currencies to total financial assets were 20.4% (2015: 32.1%), 74.8% (2015: 63.3%), 4.3% (2015: 4.5%) and 0.5% (2015: 0.1%), respectively. 38 19. 財務風險管理(續) 19. FINANCIAL RISK MANAGEMENT (Cont'd) 19.2 金融工具產生之風險(續) 19.2 (a) 市場風險(續) (a) Market risk (Cont'd) (iii) 價格風險(iii) Price risk (b) 信貸風險(b) Credit risk (c) 流動資金風險(c) Liquidity risk 集團之主要財務資產為現金及等同現金、定期存款、 應收賬款、持至到期日財務資產、可供出售財務資產 及按公平值透過損益記賬財務資產。 The Group's principal financial assets are cash and cash equivalents, bank deposits, accounts receivable, held-to-maturity financial assets, available-for-sale financial assets and financial assets at fair value through profit or loss. 集團之信貸風險主要來自應收賬款。於綜合資產負債 表內之金額為扣除呆賬準備後淨額，由集團管理層根 據過往經驗及經濟現況作出評估。 The Group's credit risk is primarily attributable to its accounts receivable. The amounts represented in the consolidated balance sheet are net of allowances for doubtful receivable, estimated by the Group's management based on past experience and their assessment of the current economy. 本集團的大部份負債到期日為結算日後半年內。管理 流動資金風險方面，本集團會監察及維持現金及現金 等值項目於充足的水平，以應付日常營運所需。 Most of the Group's liabilities are due within six months from the respective balance sheet date. To manage the liquidity risk, the Group monitors and maintains a level of cash and cash equivalents to fulfill the normal liquidity needs. Cash and cash equivalents and bank deposits are placed with counterparties with credit-ratings of investment grade or above assigned by international credit-ratings agencies. Held-to-maturity financial assets, financial assets at fair value through profit or loss and availablefor- sale financial assets are rated investment grade or above. 集團並無過度集中信貸風險，因擁有多名對手方，可 分散風險。 The Group has no significant concentration of credit risk, with exposure spread over a number of counterparties. The Group's maximum exposure to credit risk in the event of the counterparties' failure to perform their obligations as at 30 June 2015 and 30 June 2016 in relation to each class of recognised financial assets is the carrying amount of those assets as stated in the consolidated balance sheet. 現金及等同現金和定期存款，均存放於獲國際信貸機 構給予投資級別或以上信貸評級之對手方。持至到期 日財務資產、按公平值透過損益記賬財務資產及可供 出售財務資產均評為投資級別或以上。 倘訂約各方於2015年6月30日及2016年6月30日未能履 行有關各類已確認金融資產之責任，則本集團之信貸 風險最高為於綜合資產負債表所示資產的賬面值。 集團面對之證券價格風險主要來自由投資經理所 管理的投資基金。證券價格風險會於不同市場、 行業及資產類別設定分散投資的方法來管理。於 2016年6月30日，若價格上升/ 下跌5%，在其他 所有變數維持不變的情況下，本集團截至2016年 6月30日止年度的盈餘將增加/ 減少約二億六千 五百萬元(2015年為二億一千萬元)。 The Group is mainly exposed to securities price risk from its investments managed by investment managers. Securities price risk is managed by diversification of investments in different markets, sectors and assets types. At 30 June 2016, if the prices of the respective investments had been 5% higher / lower, with all other variables held constant, the Group's surplus for the year ended 30 June 2016 would increase / decrease by approximately $265 million (2015: $210 million). RISKS ARISING FROM FINANCIAL INSTRUMENTS (Cont'd) 39 19. 財務風險管理(續) FINANCIAL RISK MANAGEMENT (Cont'd) 19.3 資本管理 CAPITAL MANAGEMENT 本集團因應經濟情況的變化和其活動風險特徵來管理其資本結構並作出相應調整。 19.4 公平值估算 FAIR VALUE ESTIMATION (a) 以公允價值列賬的金融資產 Financial assets carried at fair value 以下列表提供於綜合資產負債表按公平值計量之本集團金融工具之分析，按下列公平值計量等級歸類：  相同資產或負債在活躍市場之報價(第一等級) Quoted prices in active markets for identical assets or liabilities (level 1)  除了第一等級所包括之報價外，該資產和負債之可觀察資料，可為直接或間接(第二等級）  資產和負債並非依據可觀察市場數據之資料(第三等級） Inputs for the asset or liability that are not based on observable market data (level 3) 第一等級第二等級第三等級總計 Level 1 Level 2 Level 3 Total 百萬元百萬元百萬元百萬元 $million $million $million $million 於2016年6月30日 As at 30 June 2016 按公平值透過損益記賬之財務資產4,449 792 34 5,275 Financial assets at fair value through profit or loss 可供出售財務資產17 0 0 17 Available-for-sale financial assets 於2015年6月30日 As at 30 June 2015 按公平值透過損益記賬之財務資產3,323 834 14 4,171 Financial assets at fair value through profit or loss 可供出售財務資產21 0 0 21 Available-for-sale financial assets Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly (level 2) 集團的資金由教資會基金、限制性基金及其他基金組成，該等基金是為著各樣指定目的而設立，並詳列於附註17內。集團的目標是 保持足夠資金以配合集團現在及將來營運支出需要。集團的整體策略如往年一樣維持不變。 The Group's funds consist of UGC Funds, Restricted Funds and Other Funds, which are set up for various designated purposes as described in note 17. It is the Group's objective to maintain sufficient funds to support the Group's current and future operating expenditure requirements. The Group's overall strategy remains unchanged from prior years. The Group manages its capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of its activities. The tables below provide an analysis of the Group's financial instruments that are measured at fair value in the consolidated balance sheet, grouped by level of the following fair value measurement: 40 19. 財務風險管理(續) FINANCIAL RISK MANAGEMENT (Cont'd) 19.4 公平值估算(續) FAIR VALUE ESTIMATION (Cont'd) 用以進行第三等級財務工具公允值估值之特定估值方法包括現金流折讓分析、盈利倍數及淨權益法。 按公允值計算之第三等級財務工具於年內之變動如下： The movements of the Level 3 financial instruments measured at fair value during the year are as follows: 2016 2015 百萬元百萬元 $million $million 年初之結餘14 5 Balance at the beginning of the year 購入21 7 Acquisitions 已計入綜合全面收益表內利息及投資收入之收益或虧損總額(1) 2 年終之結餘34 14 Balance at the end of the year 於年結結束日確認於綜合全面收益表內之未實現盈利或虧損變動(1) 2 已計入綜合全面收益表內利息及投資收入之收益或虧損總額(1) 2 (b) 不以公允價值列賬的金融資產 Financial assets carried at other than fair value 賬面金額 Carrying 公允價值第一等級第二等級第三等級 amount Fair value Level 1 Level 2 Level 3 百萬元百萬元百萬元百萬元百萬元 $million $million $million $million $million 於2016年6月30日 At 30 June 2016 持有至到期日債務證券71 81 2 79 0 Held-to-maturity debt securities 可供出售財務資產1 Available-for-Sale Financial Assets 於2015年6月30日 At 30 June 2015 持有至到期日債務證券108 121 2 119 0 Held-to-maturity debt securities 可供出售財務資產1 Available-for-Sale Financial Assets 屬於第二級證券的公允價值乃參考知名金融市場資料提供者所提供之報告日價格而釐定，並使用報告期末之匯率折算。 按公允價值計量 Fair value measurements The fair value of the securities under Level 2 is determined by reference to the prices at the reporting date provided by a wellknown financial market data provider and have been translated using the foreign currency at the end of the reporting period where appropriate. Specific valuation techniques including discounted cash flow analysis, earning multiple and net equity method are used to determine fair value for the Level 3 financial instruments. Changes in unrealized gains or losses for the year included in Consolidated Statement of Comprehensive Income at the end of the year Total gains or losses for the year included in Consolidated Statement of Comprehensive Income, under Interest and Investment Income Total gains or losses recognized under Interest and Investment Income in Consolidated Statement of Comprehensive Income Not available 未能提供 未能提供 Not available 41 20. 承擔 COMMITMENTS 2016 2015 百萬元百萬元 $million $million (a) 資本承擔 Capital Commitments (i) 以下為未於財務報表作出準備之有關物業、機器及設備未履行的資本承擔： 已簽約360 411 Contracted for 已獲授權但尚未簽約1,286 1,676 Authorised but not contracted for 1,646 2,087 (ii) 以下為未於財務報表作出準備之有關財務資產未履行的資本承擔： 已簽約60 82 Contracted for 上述未履行承擔的資本來源： Funding support for the above outstanding capital commitments: 2016 2015 百萬元百萬元 $million $million 源自集團其他資本之金額 - 已確認為收入並留存於教資會基金之金額280 141 Amounts recognised as Income and retained in UGC Funds - 將會從限制性基金或其他基金中分配之金額930 * 995 * Other amounts representing Restricted Funds or Other Funds to be allocated 已收取並反映於遞延收益於6月30日之金額99 103 Amounts received and reflected as deferred income as at 30 June 教資會已批准但未收到之撥款金額89 240 Amounts in respect of UGC Grants approved but not yet received 已向教資會申請之撥款金額0 * 590 * Amounts in respect of UGC Grants under application 捐獻者承諾之金額308 100 Amounts pledged by donors 1,706 2,169 * 2016 2015 百萬元百萬元 $million $million (b) 營運租約之承擔 Operating Lease Commitments (i) 一年內9 11 In one year 第二至第五年內6 15 In the second to fifth years inclusive 15 26 (ii) 於6月30日，集團擁有不可撤銷營運租賃之日後最低租賃收入合共如下： 一年內2 2 In one year As at 30 June, the Group had future aggregate minimum lease income under non-cancellable operating leases as follows: As at 30 June, the Group had future aggregate minimum lease payments under non-cancellable operating leases payable as follows: Amounts to be financed by the Group's Resources 於6月30日，集團於不可撤銷營運租約之條款下所簽定之日後最低租賃付款合共如下： Outstanding capital commitments in respect of Property, Plant and Equipment not provided for in the financial statements were as follows: Outstanding capital commitments in respect of financial assets not provided for in the financial statements were as follows: A Council-authorised and UGC-supported student hostel construction project with cost estimate at $787 million, capital commitment for which was originally planned against the University's Other Funds for $197 million and UGC Grants under application for $590 million. For year 2015/16, after having re-considered that in the absence of full approval of the UGC, the respective amount shall not be included as a capital commitment. 一個獲校董會授權和教資會支持，成本估計為七億八千七百萬元的學生宿舍建設項目，其資本承擔原本計劃以大學的其他基金支付一億九 千七百萬元連同已向教資會申請之撥款支付五億九千萬元。惟於2015/16年度，經重新考慮到在沒有教資會正式批准的情況下，有關金額不 再列為資本承擔。 42 21. 大學校董會成員及校董會委員會成員於重要合約之權益及關聯方交易 21.1 重要合約 CONTRACTS OF SIGNIFICANCE 21.2 關聯方交易 RELATED PARTY TRANSACTIONS 於本年度內，大學進行了下列重大關聯方交易： During the year, the University entered into the following material related parties transactions: (a) 主要管理人員之酬金(註) Compensation of key management personnel (Note) 已包括在附註四 ─ 高收入員工薪酬內的主要管理人員之酬金如下： 2016 2015 百萬元百萬元 $million $million 薪金及其他短期僱員福利62 65 Salaries and other short-term employee benefits 離職後福利5 5 Post employment benefits 67 70 註: Note: (b) UNIVERSITY COUNCIL AND COUNCIL COMMITTEES MEMBERS' INTERESTS IN CONTRACTS OF SIGNIFICANCE AND RELATED PARTY TRANSACTIONS Below is the compensation of the key management personnel who have also been included in Note 4 - Remuneration of Higher Paid Staff: No contract of significance to which the University or any of its subsidiaries was a party and in which a Council member or a Council Committee member was materially interested, whether directly or indirectly, subsisted at the end of the year or at any time during the year. 本大學或其任何附屬公司概無訂立校董會成員或校董會委員會成員於其中直接或間接擁有重大權益而於年 結日或年度內任何時間仍然生效之任何重大合約。 No remunerations, fees or other emoluments were paid to or receivable by any Council members or Council Committees members (other than those executive members and elected staff members) in respect of their services to the Group during the year (2015: Nil). 主要管理人員為大學行政委員會成員，其主要職責包括檢討及審批對大學運作有影響的重要 行政政策，以及大學長遠發展的計劃及策略。 於年內，除行政成員及員工代表外，本集團並無就任何校董會成員或校董會委員會成員所提供的服 務而向其支付或彼等亦沒有為該等服務而有應收取之薪酬、袍金或其他酬金(2015年：無)。 Key management personnel represent members of the University Administrative Committee whose primary responsibilities include the review and approval of major administrative policies affecting the University's operations, and long-term plans and strategies for the development of the University. 43 44 22. 附屬公司 SUBSIDIARIES 於2016年6月30日，大學之主要附屬公司如下： At 30 June 2016, the University's principal subsidiaries were as follows: 註冊地點 / 國家 Place / Country of Incorporation 直接持有間接持有 Direct Indirect 香港100% - 不活動 Hong Kong Dormant 香港科大地產有限公司香港100% - 不活動 HKUST Properties Limited Hong Kong Dormant 香港科大研究開發有限公司香港100% - Hong Kong 中華人民共和國- 100% HKUST R and D Corporation (Guangzhou) Limited 中華人民共和國- 100% 中華人民共和國- 100% 中華人民共和國100% - The HKUST Shenzhen Research Institute 擁有股權 附屬公司 of Issued / Registered Capital Nominal Value Proportion of 主要活動 Principal Activity 廣州市香港科大霍英東研究院 香港科技大學持續進修學院有限公司 著重於香港及珠江三角洲地區，致 力於科大的科技商業化：包括工業 合同、技術授權、新公司孵化，以 及其它研究及技術服務。 To engage in technology commercialisation including industrial contracting, licensing, incubation of start-up companies and research and technical services, especially in Hong Kong and the Pearl River Delta Area. HKUST College of Lifelong Learning Limited People's Republic of China HKUST R and D Corporation (Shenzhen) Limited People's Republic of China 廣州香港科大研究開發有限公司 Hong Kong University of Science and Technology R and D Corporation Limited Subsidiary Held by the University Station in Shenzhen, to facilitate the University's education, training, research, technology development and entrepreneurship activities in the Mainland. 港科大研究開發(深圳)有限公司 香港科技大學深圳研究院立足深圳，協助科大在內地的教 育、培訓、研究、科技開發及創業 等。 People's Republic of China Station in Guangzhou (Nansha), to engage in technology innovation and development as well as entrepreneurship activities including startup incubation, and commercialisation of technologies developed in Clear Water Bay and Nansha campuses, as well as training of management and technology personnel. 立足廣州南沙，致力於科技創新及 開發，以及各項創業活動：包括新 公司孵化、將科大於清水灣校區與 南沙校區內所開發的科技商業化， 以及管理人員和科技人才的培訓。 Guangzhou HKUST Fok Ying Tung Research Institute People's Republic of China 23. 主要會計估計及判斷23. 物業、機器及設備之折舊及電腦軟件之攤銷 投資估值 持至到期日財務資產Held-to-maturity financial assets 呆壞賬撥備 Depreciation of property, plant and equipment and amortisation of computer software 本集團以預計使用年限計算物業、機器及設備 之折舊及電腦軟件之攤銷。如原先估計之使用 年限未能與事實相符，管理層會修訂其折舊或 攤銷率。 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In determining the carrying amounts of some assets and liabilities, the Group makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. These estimates involve assumptions about such items as risk adjustment to cash flows or discount rates used, future changes in salaries and future changes in prices affecting other costs. The Group's estimates and assumptions are based on historical experience and expectations of future events and are reviewed periodically. In addition to assumptions and estimations of future events, judgements are also made during the process of applying the Group's accounting policies. The Group determines the estimated useful lives for related depreciation charges for property, plant and equipment and amortisation of computer software. Management will revise the depreciation or amortisation charges where useful lives are different to previously estimated. 在釐定部分資產和負債的賬面金額時，集團就 不確定的未來事件對於資產負債表日該等資產 和負債的影響作出了假設。這些估計涉及對現 金流量風險調整或貼現率、未來薪金變動和影 響其他成本的價格未來變動的假設。集團根據 過去的經驗和對未來事件的預計作出估計和假 設，並定期覆檢。除對未來事件的假設和估計 外，集團採用會計政策時亦需要作出判斷。 The provisioning policy for bad and doubtful debts of the Group is based on the evaluation of collectability and aging analysis of the receivables and on management's judgement. Judgement is required in assessing the ultimate realisation of these receivables, based on the current creditworthiness and the past collection history of each debtor. If the financial conditions of debtors of the Group was to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. 本集團之呆壞賬撥備政策是根據對收回款項之 可能性之評估、賬戶之賬齡分析及管理層之判 斷作出。在評估該等應收款項之最終變現時需 要作判斷，根據每名債務人之現時信譽及過往 收款紀錄。倘本集團債務人之財務狀況惡化， 損害其還款能力，有可能需要額外撥備。 Provision for doubtful receivables Valuation of investments The fair values of financial instruments traded in active markets are based on quoted bid prices at the balance sheet date. The fair values of financial instruments that are not traded in an active market are determined using established valuation techniques. The Group uses its judgement to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period. 在活躍市場買賣的金融工具之公平值根據結算 日的市場報價列賬。沒有活躍市場買賣的金融 工具，其公平值根據既定的估值技術釐定。本 集團利用判斷選取多種方法，並主要根據每個 報告期末當時的市場情況作出假設。 Non-derivative financial assets with fixed or determinable payments and fixed maturity are classified as held-tomaturity financial assets if the Group has the intention and ability to hold them until maturity. In evaluating whether the requirements to classify a financial asset as held-tomaturity are met, management makes significant judgements. Failure in correctly assessing the Group's intention and ability to hold specific investments until maturity may result in reclassification of the whole portfolio as available-for-sale financial assets. 對於有固定或可確定付款和固定到期日的非衍 生金融資產，集團如有意及有能力持有至到期 日，則歸類為持至到期日財務資產投資。在評 估某金融資產是否符合歸類為持至到期日投資 的條件時，管理層需要作出重大判斷。如果未 能對集團是否有意及有能力持有某特定投資至 到期日作出準確的判斷，可能會導致整個投資 組合需被重新歸類為可供出售財務資產。 45 24. 主要會計政策24. PRINCIPAL ACCOUNTING POLICIES 24.1 採納新訂 / 經修訂香港財務報告準則24.1 Adoption of new / revised HKFRS 截至2016年6月30日止年度，本集團已採 用所有經已於2015年1月1日或以後開始 之年度期間生效及與本集團營運有關之 新訂及經修訂準則及修訂。 For the year ended 30 June 2016, the Group has adopted all the new and revised standards and amendments to HKFRS that are effective for the accounting periods beginning on or after 1 January 2015 and relevant to the operations of the Group. 本集團已評估採納上述修訂後之影響， 認為無論對集團之業績及財務狀況或會 計政策及財務報表的呈列，均無任何重 大影響。 The Group has assessed the impact of the adoption of these amendments and considered that there was no significant impact on the Group's results and financial position nor any substantial changes to the Group's accounting policies and presentation of the financial statements. 本集團於編製財務報表時所採用之主要 會計政策載列如下。除另有說明外，該 等政策於所有呈列之年度內一直貫徹採 用。 The principal accounting policies applied in the preparation of the financial statements of the Group are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 46 24. 主要會計政策(續) 24. 24.2 綜合基準24.2 Basis of Consolidation 24.3 於聯營公司權益24.3 Interest in an Associate A subsidiary is an entity (including a structured entity) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. 如有需要，會對附屬公司的財務報表作 出調整，使其會計政策與集團其他成員 公司所使用的會計政策保持一致。 Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 綜合財務報表包括截至每年6月30日大學 及受大學控制之個體的財務報表。 The consolidated financial statements include the financial statements of the University and entities controlled by the University made up to 30 June each year. 附屬公司指本集團對其具有控制權的所 有主體(包括結構性主體)。當本集團因 為參與該主體而承擔可變回報的風險或 享有可變回報的權益，並有能力透過其 對該主體的權力影響此等回報時， 本集 團即控制該主體。附屬公司在控制權轉 移至本集團之日起合併入賬。附屬公司 在控制權終止之日起停止合併入賬。 本集團與其聯營公司之間交易的未實現 收益按集團在聯營公司權益的數額對 銷。除非交易提供所轉讓資產減值之憑 證，否則未實現虧損亦予以對銷。聯營 公司的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。 Unrealised gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. 集團內部所有重大交易及結餘均在綜合 賬內抵銷。 All significant intercompany transactions and balances within the group are eliminated on consolidation. 聯營公司指本集團可對其政策決定作重 要影響之機構，而該機構又不屬於集團 之附屬公司或於合資企業權益。 An associate is an entity over which the Group has significant influence and that is neither a subsidiary nor an interest in a joint venture. 聯營公司之業績、資產及負債以權益會 計法列入綜合財務報表。聯營公司權益 按成本值列入綜合資產負債表，其後會 就收購後集團應佔聯營公司之淨資產作 出調整，並扣除投資減值虧損入賬。 The results and assets and liabilities of an associate are incorporated in the consolidated financial statements using the equity method of accounting. Interest in an associate is carried in the consolidated balance sheet at cost as adjusted by post-acquisition changes in the Group's share of the net assets of the associate, less any impairment loss. 47 24. 主要會計政策(續) 24. 24.4 於合資企業權益24.4 Interest in a Joint Venture 24.5 物業、機器及設備24.5 Property, Plant and Equipment PRINCIPAL ACCOUNTING POLICIES (Cont'd) 合資企業是一個合約上的安排，由集團 與其他參與者進行一項經濟活動，該項 活動由合資各方面共同控制，凡政策決 定涉及財務及營運上之策略，必須合資 各方決議一致通過。 A joint venture is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control, that is when the strategic financial and operating policy decisions relating to the activities require the unanimous consent of the parties sharing control. 合資企業權益初步以成本確認，其後經 調整以確認本集團享有的收購後利潤或 虧損以及其他全面收益變動的份額。本 集團對合資企業的投資包括在購買時已 辨認的商譽。在購買合資企業的投資時 ，購買成本與本集團享有的對合資企業 可辨認資產和負債的公允價值凈額的差 額確認為商譽。當集團享有某一合資企 業的虧損超過或相等於在該合資企業的 權益（包括任何實質上構成集團在該合 資凈投資的長期權益），則集團不確認 進一步虧損，除非集團已產生義務或已 代合資企業付款。 Joint ventures are accounted for using the equity method and are initially recognised at cost and adjusted thereafter to recognise the Group's share of the post-acquisition profits or losses and movements in other comprehensive income. The Group's investments in joint ventures include goodwill identified on acquisition. Upon the acquisition of the ownership interest in a joint venture, any difference between the cost of the joint venture and the Group's share of the net fair value of the joint venture's identifiable assets and liabilities is accounted for as goodwill. When the Group's share of losses in a joint venture equals or exceeds its interests in the joint ventures (which includes any long-term interests that, in substance, form part of the Group's net investment in the joint ventures), the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the joint ventures. 本集團與其合資企業之間交易的未實現 收益按集團在合資企業權益的數額對 銷。除非交易提供所轉讓資產減值之憑 證，否則未實現虧損亦予以對銷。合資 企業的會計政策已按需要作出改變，以 確保與本集團採用的政策符合一致。 Unrealised gains on transactions between the Group and its joint venture are eliminated to the extent of the Group's interest in the joint venture. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of the joint venture have been changed where necessary to ensure consistency with the policies adopted by the Group. 除在建工程外，物業、機器及設備按成 本值減累積折舊及累積減值後入賬。 Property, plant and equipment, other than construction in progress, are stated at cost less accumulated depreciation and accumulated impairment losses. 除在建工程外，扣除剩餘估值後，物 業、機器及設備按估計可使用年期以直 線法攤分其成本計算折舊。物業、機器 及設備於備用年度內計算全年折舊。年 度折舊於相關分部之綜合收支內計提。 Depreciation of property, plant and equipment, other than construction in progress, is calculated using the straight-line method to allocate their costs to the residual values over the estimated useful lives. Full year depreciation is charged for property, plant and equipment in the year when it is ready for use. Annual depreciation is charged against the consolidated income and expenditure under the respective segments. 48 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.5 物業、機器及設備(續) 24.5 Property, Plant and Equipment (Cont'd) 24.6 無形資產24.6 Intangible Assets 電腦軟件Computer software 電腦軟件之攤銷乃以直線法按資產估計 可使用年期於綜合全面收益表中扣除。 電腦軟件於備用年度內計算全年攤銷。 年度攤銷於相關分部之綜合收支內計 提。 Amortisation of computer software is charged to the consolidated statement of comprehensive income on a straight-line basis over the assets' estimated useful lives. Full year amortisation is charged for computer software in the year when it is ready for use. Annual amortisation is charged against the consolidated income and expenditure under the respective segments. 開發中的電腦軟件在備用前並不計算攤 銷。 Computer software under development is not amortised until ready for use. 物業、機器及設備項目會在出售後或預 期繼續使用該資產將不會帶來未來經濟 利益時刪除確認。從資產刪除產生之收 益或虧損，相當於所得收款與該資產賬 面值的差額，先通過資本基金記賬，再 按附註24.15所述之會計政策其後轉撥至 綜合全面收益表內。 An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising from derecognition of an asset, representing the difference between the sales proceeds and the carrying amount of that asset is first booked through the Capital Funds and subsequently transferred to the consolidated statement of comprehensive income in accordance with the accounting policies as stated in paragraph 24.15. 所購入電腦軟件之成本按購入及使用該 特定軟件所產生的成本為基準資本化， 並按成本減累計攤銷於綜合資產負債表 列賬。 Computer software costs are capitalised on the basis of the costs incurred to acquire and bring to use the specific software and are stated in the consolidated balance sheet at cost less accumulated amortisation. 在建工程按成本值減去任何已確認之減 值虧損入賬及至工程完竣後才攤銷折 舊。完竣工程成本將轉撥至適當之物 業、機器及設備分類。 Construction in progress is stated at cost less any identified impairment loss and is not depreciated until completion of construction. Cost of completed construction works is transferred to appropriate categories of property, plant and equipment. 49 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產24.7 Financial Assets (a) 貸款及應收款(a) Loans and receivables (b) 持至到期日投資(b) Held-to-maturity investments 持至到期日投資為有固定或可釐定付款 以及固定到期日的非衍生財務資產，而 集團有明確意向及能力持有至到期日。 除非該項投資在結算日後十二個月內到 期，否則此等資產列在非流動資產內。 Held-to-maturity investments are non-derivative financial assets with fixed or determinable payments and fixed maturities where the Group has the positive intention and ability to hold to maturity. They are included in non-current assets unless they mature within 12 months from the balance sheet date. 本集團將其財務資產投資分類如下：貸 款及應收款、持至到期日投資、按公平 值透過損益記賬之財務資產及可供出售 財務資產。分類方式視乎購入投資目的 而定。管理層在初步確認時釐定其投資 的分類，並於每個報告日期重新評估有 關指定。 The Group classifies its financial assets in the following categories: loans and receivables, held-tomaturity investments, financial assets at fair value through profit or loss and available-for-sale financial assets. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition and re-evaluates this designation at every reporting date. 貸款及應收款為有固定或可釐定付款且 沒有在活躍市場上報價的非衍生財務資 產。此等款項包括在流動資產內，但到 期日由結算日起計超過十二個月者，則 分類為非流動資產。銀行存款視作貸款 及應收款項處理，以銀行存款或現金及 等同現金項目名義列賬。貸款及應收款 初始按公允價值確認其後利用實際利率 法按攤銷成本剔除減值列賬。 Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except for maturities greater than 12 months after the balance sheet date, which are classified as non-current assets. Bank deposits are treated as loans and receivables and are disclosed as bank deposits or cash and cash equivalents. Loans and receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. 50 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產(續) 24.7 Financial Assets (Cont'd) (b) 持至到期日投資(續) (b) Held-to-maturity investments (Cont'd) (c) (c) (d) 可供出售財務資產(d) Available-for-sale financial assets 可供出售財務資產為被指定為此類別或 並無分類為任何其他財務資產類別的非 衍生工具。除非管理層有意在結算日後 十二個月內出售該項投資，否則此等資 產列在非流動資產內。 Available-for-sale financial assets are non-derivatives that are either designated in this category or not classified under other financial assets categories. They are included in non-current assets unless management intends to dispose of the investments within 12 months from the balance sheet date. 於其後報表日，集團計劃及有能力持至 到期日的債務證券(持至到期日的債務證 券)，是按攤銷成本以實際利率法釐定， 減去減值虧損所代表之不可收回值。倘 有客觀證據顯示資產出現減值虧損則於 綜合全面收益表中確認。獲確認之減值 乃根據投資之賬面金額與按於初步確認 時計算之實際利率折算之估計未來現金 流量現值之間的差額而釐定。如其後出 現已確認減值之投資可收回升值金額， 則將予以回撥，惟回撥後之賬面金額不 能多於此減值虧損之前已確認攤銷之成 本值。 At subsequent reporting dates, debt securities that the Group has the intention and ability to hold to maturity (held-to-maturity debt securities) are measured at amortised cost using the effective interest rate method, less any impairment loss recognised to reflect irrecoverable amounts. An impairment loss is recognised in the consolidated statement of comprehensive income when there is objective evidence that the asset is impaired, and is measured as the difference between the investment's carrying amount and the present value of estimated future cash flows discounted at the effective interest rate at initial recognition. Impairment losses are reversed in subsequent periods when an increase in the investment's recoverable amount can be related objectively to an event occurring after the recognition of the impairment loss, subject to the restriction that the carrying amount of the investment at the date the impairment is reversed shall not exceed what the amortised cost would have been had the impairment not been recognised. 按公平值透過損益記賬之財務資 產 Financial assets at fair value through profit or loss 此類別為開始時指定按公平值透過損益 記賬之財務資產，包括上市及非上市股 權證券及債券。在首次確認後之每個結 算日，此等金融資產按公平價值列賬。 而其因公允值變動引致的收益或虧損列 入當期之綜合全面收益表中。 This category comprises financial assets designated at fair value through profit or loss at inception. Assets in this category include listed and unlisted equity securities and debt securities. At the end of the reporting period subsequent to initial recognition, these financial assets are carried at fair value. Gains and losses arising from changes in fair value are recognised in the consolidated statement of comprehensive income. 51 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.7 財務資產(續) 24.7 Financial Assets (Cont'd) (d) 可供出售財務資產(續) (d) Available-for-sale financial assets (Cont'd) 本集團在每個結算日評估是否有客觀證 據證明某項財務資產或某組財務資產經 已減值。對於分類為可供出售的股權證 券，在釐定證券是否已經減值時，會考 慮證券公平值有否大幅或長期跌至低於 其成本值。若可供出售財務資產存在此 等證據，累計虧損─ 計算為購買成本與 當時公平值的差額減去該財務資產之前 在綜合全面收益表確認的任何減值虧損 ─ 從自權益中剔除並在綜合全面收益表 記賬。在綜合全面收益表確認的股權工 具減值虧損不會透過綜合全面收益表撥 回。 The Group assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of equity securities classified as available-forsale, a significant or prolonged decline in the fair value of the security below its cost is considered an indicator that the securities are impaired. If any such evidence exists for available-for-sale financial assets, the cumulative loss – measured as the difference between the acquisition cost and the current fair value, less any impairment loss on that financial assets previously recognised in the consolidated statement of comprehensive income – is removed from equity and recognised in the consolidated statement of comprehensive income. Impairment losses recognised in the consolidated statement of comprehensive income on equity instruments are not reversed through the consolidated statement of comprehensive income. 常規投資買賣於交易日確認－ 交易日指 本集團承諾買賣該資產之日期。按公平 值計入損益賬的財務資產初步按公平值 確認，而交易費用則在綜合全面收益表 支銷。所有其他財務資產初步按公平值 加交易費用確認。可供出售財務資產其 後按公平值列賬。 Regular way purchases and sales of investments are recognised on the trade-date – the date on which the Group commits to purchase or sell the financial assets. Financial assets carried at fair value through profit or loss are initially recognised at fair value and transaction costs are expensed in the consolidated statement of comprehensive income. All other financial assets are initially recognised at fair value plus transaction costs. Available-for-sale financial assets are subsequently carried at fair value. 可供出售財務資產之公平值變動產生之 未變現盈虧，於權益中確認。倘分類為 可供出售之證券售出或減值時，累計公 平值調整列入綜合全面收益表作為投資 證券的盈虧。 Unrealised gains and losses arising from changes in the fair value of available-for-sale financial assets are recognised in equity. When investments classified as available-for-sale are sold or impaired, the accumulated fair value adjustments are included in the consolidated statement of comprehensive income as gains and losses from investment. 52 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.8 應收賬款24.8 24.9 存貨24.9 Inventories 24.10 現金及等同現金24.10 Cash and cash equivalents 24.11 應付賬款及應計費用及遞延收益24.11 24.12 撥備24.12 Provisions 集團因過往事件招致現行責任，可能需 要償還債務。在此情況下，集團需要撥 備確認負債。撥備款額由管理層於結算 日對責任所需作出最適當估計。倘屬重 大影響，以貼現現值計算。 Provisions are recognised when the Group has a present obligation as a result of a past event, and it is probable that the Group will be required to settle that obligation. Provisions are measured at management's best estimate of the expenditure required to settle the obligation at the balance sheet date, and are discounted to present value where the effect is material. Accounts receivable 應收賬款初步以公平值確認，其後使用 實際利息法按攤銷成本，並扣除減值撥 備計量。當有客觀證據證明本集團未能 按應收款的原有條款收回所有款項時， 即就應收款設定減值撥備。撥備金額為 資產賬面值與按實際利率貼現的估計未 來現金流量的現值兩者的差額。綜合資 產負債表內之應收賬款為扣除該等撥備 後列賬。 Accounts receivable are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of receivables is established when there is objective evidence that the Group will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. Accounts receivable in the consolidated balance sheet are stated net of such provision. 自籌資金業務持作轉售之存貨按成本或 可變現淨值兩者較低者入賬。成本以加 權平均法計算。 Inventories held for resale in respect of self-financing operations are valued at the lower of cost and net realisable value. Cost is calculated using the weighted average method. 現金及等同現金包括存於銀行之手頭現 金及原到期日為三個月或以下之活期存 款。 Cash and cash equivalents comprise cash on hand and deposits available on demand with an original maturity of three months or less. Accounts payable and accruals and deferred income 應付賬款及應計費用及遞延收益初步按 公平值計算，日後按使用實際利率法計 算的已攤銷成本列賬。 Accounts payable and accruals and deferred income are initially measured at fair value, and are subsequently measured at amortised cost, using the effective interest rate method. 53 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.13 減值24.13 Impairment 24.14 遞延資本基金及資本基金24.14 Deferred Capital Funds and Capital Funds 遞延資本基金反映物業、機器及設備及 電腦軟件之賬面淨值，購自指定用於資 本支出的政府資助及撥款或捐款。其會 計政策於附註24.15(a1)(iii)內說明。 資本基金反映物業、機器及設備及電腦 軟件之賬面淨值，購自滾存於基金結餘 內已確認但未使用的政府資助及撥款或 捐款或其他收入。其會計政策於附註 24.15(a2)內說明。 Capital Funds represent the net book value of property, plant and equipment as well as computer software which are acquired with recognised but unspent Government subventions and grants or donations or other income retained in the fund balances. The accounting policies are explained in paragraph 24.15(a2). 在每年結算日，集團會審查資產的賬面 值，確定資產有沒有出現減值虧損跡 象。若估計資產的可收回金額較賬面值 為低，則須將賬面值調低至可收回金 額。而所產生的減值虧損會即時確認在 綜合全面收益表。 At each balance sheet date, the Group reviews the carrying amounts of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised in the consolidated statement of comprehensive income immediately. 倘若所作出的減值虧損於其後撥回，資 產的賬面值會調高至重估的可收回金額 ，惟調高後之可收回金額不可多於資產 於以前年度未有減值虧損的賬面值。所 回撥的減值虧損會即時確認為收入。 Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, such that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. Deferred Capital Funds represent the net book value of property, plant and equipment as well as computer software which are acquired with Government subventions and grants or donations earmarked for capital expenditure. The accounting policies are explained in paragraph 24.15(a1)(iii). 54 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認24.15 Recognition of Income (a) 政府資助及撥款(a) Government subventions and grants (a1) 非配對撥款(a1) Other than Matching Grants (i) (i) (ii) (ii) (iii) 用作資本開支的資助及撥款： (iii)     當收到或應收取款項時，款項會先記入 遞延收益賬項，然後再由遞延收益賬項 依從以下方式轉撥： The amounts are initially credited to the Deferred Income Account when received or receivable. Amounts are then transferred from the Deferred Income Account in the following manner: in respect of subventions and grants intended for capital expenditure: 運用於有關物業、機器及設 備及電腦軟件之資本性開支 的款項會轉至遞延資本基金 賬內。 Amounts incurred in relation to capital expenditure on related property, plant and equipment as well as computer software are transferred to the Deferred Capital Funds. 整筆經常撥款：除準備用作資本 支出外，所有當年已收取的撥款 將轉至綜合全面收益表內。在整 筆撥款的累積盈餘超越教資會所 規定的最高限額情況下，轉至綜 合全面收益表的數額將扣除需退 還政府的數額。 in respect of the recurrent block grant: all grants, other than those intended for capital expenditure, received in respect of the year are transferred to the consolidated statement of comprehensive income. In the event that the accumulated surpluses from block grants exceeded the maximum limit permitted by UGC, the transfer to the consolidated statement of comprehensive income will be reduced by any amount refundable to the government. 用作其他營運開支的資助及撥 款：等同年內已產生開支之款額 會轉至綜合全面收益表內。 in respect of subventions and grants intended for other operating expenditure: amounts equivalent to the expenditure incurred during the year are transferred to the consolidated statement of comprehensive income. 隨後，等同有關物業、機器 及設備的每年折舊費及電腦 軟件的攤銷費及出售項目之 任何淨收益會由遞延資本基 金轉入綜合全面收益表內。 Subsequently, each year, amounts equivalent to the depreciation charges of the related property, plant and equipment, amortisation charges of the computer software and any net gain on disposed items are transferred from the Deferred Capital Funds to the consolidated statement of comprehensive income. 55 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認(續) 24.15 Recognition of Income (Cont'd) (a) 政府資助及撥款(續) (a) Government subventions and grants (Cont'd) (a2) 配對撥款(a2) Matching Grants 有關隨後為資本支出而使用基金：         (b) 捐款(b) (b1) 指定捐款(b1) (i) (i) 款項在收取或應收時確認為收入。任何 已確認但未使用的收入已轉撥至相關基 金內。 Amounts are recognised as income when received or receivable. Any recognised but unspent income is transferred to the related funds. In respect of subsequent spending of the funds on capital expenditure: 等同出售項目之淨賬面值均由資 本基金撥回至相關基金內。 Amounts equivalent to the net book value of disposed items are transferred back from the Capital Funds to the respective funds. 等同出售項目之淨收益或虧損款 額均由資本基金轉撥至綜合全面 收益表內。 Amounts equivalent to the net gain or loss of disposed items are transferred from the Capital Funds to the consolidated statement of comprehensive income. 等同物業、機器及設備或電腦軟 件的成本，將自有關基金轉撥至 資本基金。 Amounts equivalent to the expenditure on property, plant and equipment or computer software are transferred out of the related funds to the Capital Funds. 等同於該物業、機器及設備的折 舊費及電腦軟件的攤銷費(已於綜 合全面收益表內計提，並把有關 基金減低)，由資本基金按年撥回 至有關基金，以反映相關物業、 機器及設備及電腦軟件之減值。 Each year, amounts equivalent to the depreciation charges for the related property, plant and equipment and amortisation charges for the computer software (which have been charged against the consolidated statement of comprehensive income thus reducing the respective funds) are transferred back from the Capital Funds to the respective funds to reflect the reduction in value of the relevant property, plant and equipment and computer software. Donations Earmarked donations 當收到或應收取款項時，款項會先記入 遞延收益賬項，然後再由遞延收益賬項 依從以下方式轉撥： The amounts are initially credited to the Deferred Income Account when received or receivable. Amounts are then transferred from the Deferred Income Account in the following manner: 有關用作物業、機器及設備之資 本性開支的特定捐款，採用附註 24.15(a1)(iii) 所述之相同會計政 策。 in respect of donations earmarked for capital expenditure on property, plant and equipment, the same accounting policies as stated in paragraph 24.15(a1)(iii) apply. 56 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.15 收入確認(續) 24.15 Recognition of Income (Cont'd) (b) 捐款(續) (b) (b1) 指定捐款(續) (b1) (ii) (ii) (b2) 其他捐款(b2) (b3) 承諾捐款(b3) Pledged donations (c) 學費、輔助服務及租金收入(c) 款項概於完成服務後確認入賬。 (d) 利息收入(d) Interest income (e) 研究合約收入(e) Research contract income 當研究合約的結果可被準確預測，其收 益將基於已完成的百分比確認入賬；當 其結果不能被準確預測，直至在項目完 成及當阻礙準確預測項目結果的不確定 因素不再存在前，其收益將按已發生而 預期可收回的支出數額確認入賬。特許 權收入則在簽署特許權/ 專利時或在特 許權/ 專利生效期間以直線法計算確認 入賬。 Income from contract research, whose outcome can be reliably estimated, is recognised based on the percentage of completion. Where the outcome of the contract research projects cannot be reliably estimated, project income is recognised to the extent of the expenses incurred that are expected to be recoverable until the completion of projects when the uncertainties that prevent reliable estimation of the outcome of the projects no longer exist. Licencing income is recognised upon assignment of the licence / patent or on a straight line basis over the period of the licence / patent granted. 款項在收取或應收時確認為收入。任何 已確認但未使用的收入已轉撥至相關基 金內。有關隨後為資本支出而使用基金 ，均採用附註24.15(a2)所述之相同會計 政策。 The amounts are recognised as income when received or receivable. Any recognised but unspent income is transferred to the related funds. In respect of subsequent spending of the funds on capital expenditure, the same accounting policies as those stated in paragraphs 24.15(a2) apply. 未兌現之承諾捐款不會確認為收入。如 大學未能強制執行某項捐款承諾，則必 須在收到捐款後才確認入賬。 Outstanding pledges are not recognised as income. Where the University does not have the ability to enforce a pledged donation, the donation is recognised when received. Tuition fees, auxiliary services and rental income The amounts are recognised when services are provided. 財務資產的利息收入以時間基準按結存 金額及適用利率計算。適用利率即按財 務資產預計於可使用年期內收取之估計 未來現金款項折算至該資產賬面淨值之 利率。 Interest income from a financial asset is accrued on a time basis, by reference to the principal outstanding and at the interest rate applicable, which is the rate that exactly discount the estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount. Donations (Cont'd) Earmarked donations (Cont'd) 有關用於研究項目的特定捐款， 採用附註24.15(a1)(ii)所述之相同 會計政策。 in respect of donations earmarked for research projects, the same accounting policies as stated in paragraph 24.15(a1)(ii) apply. Other donations 57 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.16 營運租約24.16 Operating Leases (a) 集團為出租者(a) The Group as lessor (b) 集團為承租者(b) The Group as lessee 24.17 退休福利開支24.17 Retirement Benefits Costs 24.18 外幣24.18 Foreign Currencies (a) (a) Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. 根據營運租約應付之租金以直線基準按 有關租約之年期於綜合全面收益表內列 賬。作為訂立營運租約誘因之已收及應 收利益，亦按直線基準於有關租約年期 分攤。 Rentals payable under operating leases are charged to the consolidated statement of comprehensive income on a straight-line basis over the term of the relevant lease. Benefits received and receivable as an incentive to enter into an operating lease are also spread on a straight-line basis over the lease term. Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the consolidated statement of comprehensive income. 外幣交易乃按交易當日的現行匯 率換算為功能貨幣。因上述交易 結算而產生的匯兌損益，以及因 按年終匯率兌換以外幣列值的貨 幣資產及負債而產生的匯兌損益 ， 一概於綜合全面收益表內確 認。 為界定供款退休計劃所支付之款項，於 僱員作出供款所須之服務後列入綜合全 面收益表。 Payments to defined contribution retirement benefit plans are recognised in the consolidated statement of comprehensive income when employees have rendered service entitling them to the contribution. 本集團各實體的財務報表內所包括的項 目，乃按該實體經營所在的主要經濟環 境的貨幣(「功能貨幣」)計算。本綜合 財務報表以港幣呈列，而本集團的呈報 貨幣均為港幣。 Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates ('the functional currency'). The consolidated financial statements are presented in Hong Kong dollars, which is the Group's presentation currency. 來自營運租約的租金收入在有關租約年 期內按直線基準確認。 58 24. 主要會計政策(續) 24. PRINCIPAL ACCOUNTING POLICIES (Cont'd) 24.18 外幣(續) 24.18 Foreign Currencies (Cont'd) (b) (b)    各全面收益表內的收入及開支均  按平均匯率換算(除非該平均匯率 並非交易當日現行匯率累計影響 的合理估計，遇有這種情況，收 入及開支概於交易當日的匯率換 算)；及所有因此而產生的匯兌差 額確認為個別組成部分之權益。 Income and expenditure for each statement of comprehensive income are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at exchange rates at the dates of the transactions); and all resulting exchange differences are recognised as a separate component of equity. The results and financial position of all Group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: 所有功能貨幣與呈報貨幣不一的 集團實體(各實體均無極高通賬經 濟地區的貨幣)，其業績及財務狀 況均以下列方式換算為呈報貨 幣： 於各結算日在各資產負債表內呈 列的資產及負債均按該結算日的 收市匯率換算。 Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet. 59 25. 已公佈但尚未生效的新準則、詮釋和修訂的潛在影響 香港財務報告準則2012至2014周期的年度改進1 Amendments to HKFRSs Annual Improvements 2012-2014 Cycle1 披露計劃1 Amendments to HKAS 1 Disclosure Initiative1 香港會計準則第27號 (修改) 獨立財務報表中使用權益法1 Amendments to HKAS 27 投資者與其聯營或合營企業之間的資產出售或注資1 香港財務報告準則第11號(修改) 收購共同經營權益的會計法1 Amendments to HKFRS 11 折舊及攤銷的可接受方法的澄清1 香港會計準則第7號(修改) 現金流量表2 Amendments to HKAS 7 香港財務報告準則第15號 客戶合同收入3 HKFRS 15 香港財務報告準則第9號金融工具3 HKFRS 9 香港財務報告準則第16號租賃4 HKFRS 16 1 於2016年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2016. 2 於2017年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2017. 3 於2018年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2018. 4 於2019年1月1日或以後開始之年度期間生效。 Effective for accounting periods beginning on or after 1 January 2019. Management is currently assessing the impact of the above new standards, amendments and interpretations on the Group's financial statements and is not yet in a position to state whether there will be substantial changes in accounting policies and presentation of the financial statements. 管理層現正就以上新公佈之準則、修訂及詮釋對本集團之影響作出評估，但尚未能說明會計政策及財務報表之呈列會否出 現重大變動。 POSSIBLE IMPACT OF NEW STANDARDS, INTERPRETATIONS AND AMENDMENTS PUBLISHED THAT ARE NOT YET EFFECTIVE 本集團於此財務報表並無提早應用以下已頒佈但尚未生效，並與其運作有關之新訂及經修訂準則、修訂及詮釋。 The Group has not early adopted the following new and revised standards, amendments, and interpretations which have been issued and are relevant to its operations but are not yet effective, in these financial statements:- Statement of Cash Flows2 Revenue from Contracts with Customers3 香港財務報告準則(修改) 香港會計準則第1號(修改) Equity Method in Separate Financial Statements1 香港財務報告準則第10號及香港會計準則第28號(修改) Amendments to HKFRS 10 and HKAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture1 Accounting for Acquisitions of Interests in Joint Operation1 香港會計準則第16號及香港會計準則第38號(修改) Amendments to HKAS 16 and HKAS 38 Clarification of Acceptable Methods of Depreciation and Amortisation1 Financial Instruments3 Leases4 60 PTC-R85913